New Way Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 179,742 | 144,476 | 35,266 | 2.8 | 68% |
| 2021 | 130,234 | 164,581 | −34,347 | 0.9 | 59% |
| 2022 | 379,012 | 186,848 | 192,164 | 13.1 | 73% |
| 2023 | 168,528 | 171,179 | −2,651 | 14.1 | 69% |
In its most recent public year (2023), this organization spent $2,651 more than it brought in. Its reserves stood at about 14.1 months of spending, up from 2.8 in 2020. Staff pay was 69% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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