New Way Church

Nonprofit profile at a glance

EIN
843132311
IRS 990-EZ coverage
2021–2023
Forms available
Form 990-EZ 2023, Form 990-N 2019
Location
Enterprise, AL, USA
Phone
3344894800
Rating
94
Verdict
STRONG
Rating confidence
Moderate
Sector
Christianity
Affiliation
Christianity

Official website

Reported finances

Revenue
$109,547
Expenses
$97,549
Assets
$69,117
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Alfred T Townsend (President)
  • Irma W Townsend (Vice President/Treasurer)

People named in this filing

  • Alfred T Townsend (President)
  • Irma W Townsend (Vice President/Treasurer)
  • Jimmy Milliner (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The corporation is organized exclusively as a church for religious, charitable, and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code, including leading people into a growing relationship with Jesus Christ and the making of distributions to organizations exempt at the time under section 501(c)(3) of the Internal Revenue Code (or the corresponding provision of any future United States Internal Revenue Law).

What it reported doing in 2023

Line 28: Preaching and Teaching of the Holy Scriptures to local, state, and National listeners; Clients served: Anyone wanting to deepen their relationship with our Lord and Savior Jesus Christ; Days of Care: Provided services each week for 52 weeks; Statistics: Average attendance since the pandemic has been about 30/Sunday with a similar amount of attendance watching online service; Attendance is increasing on a monthly basis. Line 29: Family Counseling Services; Clients served: Anyone experiencing issues in the basic family unit. Additionally, pre-marital counseling services are provided to couples who desire to be united in Holy Matrimony; Days of Care: Clients/Members are served at a time and appointment conducive to them with very little interference on their daily routine. Premarital counseling consists of eight separate sessions presented on Saturday mornings from 10:00 - 12:00 noon; Statistics: Served numerous families and one pre-marital counseling session with a couple. Line 30: Weekly Bible Study; Clients served: Anyone wanting to deepen their understanding of the word of God; Days of Care: Provided services each week on Tuesday from 6:00 - 6:45 p.m. for 52 weeks; Statistics: Average attendance 20-30 people per week. Line 31: Mental Health Assistance; Clients served: Anyone needing help in this area; Days of Care: As needed; Statistics: No clients have been seen in this area. We are ready to assist if needed..

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 59
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 11%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 0.71; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -3.4% per year; rating input score 0; 22nd percentile among comparable filings
  • Revenue growth: -3.4% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: 34.2% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $110K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2021 to 2023
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.