New Ways for Africa Inc
Nonprofit profile at a glance
- EIN
- 463561928
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- Old Chatham, NY, USA
- Phone
- 2039937394
- Rating
- 97
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- International Development
Reported finances
- Revenue
- $182,250
- Expenses
- $212,566
- Assets
- $137,007
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- ANGELA DOCHERTY (PRESIDENT)
- ANGEL LOPEZ (VICE PRESIDENT)
- FERNANDO HERRERA (VICE PRESIDENT)
People named in this filing
- ANGELA DOCHERTY (PRESIDENT)
- ANGEL LOPEZ (VICE PRESIDENT)
- NIELS ANDERSEN (TREASURER)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
New ways of africa believes, that with support, every community has the potential to thrive. Our aim is to help build a foundation for the communities we support, predomonantly in africa, to achieve economic independence, to develop sustainable infrastructure in areas such as health care and water, and to improve the quality of life for all those in need.water, health, education. Key areas of concern in africa. And three areas in which new ways for africa is deeply involved.nutrition, agriculture, fishing. Three areas where improvement has had a significant impact. We are active in all of this.
What it reported doing in 2024
Key achievements in recent years are:* building of bore holes in malawi* running wealth creation programs in malawi* running wash (water, sanitation and hygiene) programs in a remote area of ethiopia near the border with kenya* water projects in turkana kenya
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.6%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -16.6%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0.64; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 89.8% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 33.3% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: 9.4% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $212K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Sustainability: Operating margin scored 10/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.