The Way Church
Nonprofit profile at a glance
- EIN
- 813480259
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2018
- Location
- Morning Sun, IA, USA
- Phone
- 3197689933
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $127,769
- Expenses
- $85,840
- Assets
- $250,875
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1 person listed
People named in this filing
- ROB CARLETON (PASTOR)
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
To reach out to others proclaiming jesus christ and to make disciples of all nations baptizing them in the name of the father and of the son and of the holy spirit.
What it reported doing in 2024
Provides the community and surrounding area of morning sun, Iowa with a safe place to celebrate jesus christ through ministry and events.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 96% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 82
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 53.7%; rating input score 54
- Program expense ratio: 80%; rating input score 80
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 32.8%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 2.92; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 41.6%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 23.6% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 2.2% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: 13% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 53.7% of revenue deployed · 80% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $69K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 54/100.
- High — Sustainability: Officer compensation ratio scored 7/100.