New Way Mississippi Inc
Only null% goes to programs Growing revenue
New Way Mississippi Inc is a 501(c)(3) organization based in Jackson, Mississippi, registered in 2003, with $1,088,269 in FY2024 revenue. CharityIndex grades it B.
Po Box 24404, Jackson, MS, 39225 EIN 73-1631055 Since 2003
Revenue (FY2024)
$1.1M
▲ 31.3% vs prior year
Human Services median: $293K
Expenses (FY2024)
$1.1M
Net assets
$142K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for New Way Mississippi Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For New Way Mississippi Inc: 2 mo reserves · +0% margin earns a B on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for New Way Mississippi Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For New Way Mississippi Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- Po Box 24404, Jackson, MS, 39225
- City
- Jackson
- State
- Mississippi
- Category
- Human Services
- Subcategory
- Children & Youth Services
- Website
- …
Financial trends
Revenue grew from $98K (FY2011) to $1.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.4MNet assets $142K
Operating margin
0.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.5M
Total liabilities
$1.4M
Net assets
$142K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,088,269▲31.3% | $1,085,179▲5.9% | $141,673▲1160% | $1,506,170▲19.0% | 990 |
| 2023 | $828,952▲20.6% | $1,024,961▲41.4% | -$13,367▼105% | $1,265,853▲46.8% | 990 |
| 2021 | $687,266▼10.9% | $725,073▼17.6% | $290,957▼27.7% | $862,439▲18.8% | 990 |
| 2020 | $771,670▼42.9% | $880,318▼8.7% | $402,304▼20.0% | $725,750▼6.1% | 990 |
| 2019 | $1,350,912▲65.7% | $964,135▲21.0% | $502,733▲333% | $772,594▲130% | 990 |
| 2018 | $815,441▲6.0% | $796,535▲8.7% | $116,234▲13.5% | $336,642▲13.8% | 990 |
| 2017 | $769,117▲21.4% | $732,982▲0.7% | $102,392▼16.5% | $295,806▼22.2% | 990 |
| 2016 | $633,768▼28.9% | $728,234▼11.4% | $122,597▼46.2% | $379,973▼24.5% | 990 |
| 2015 | $891,749▲46.9% | $821,865▲58.7% | $227,681▲47.4% | $503,168▲204% | 990 |
| 2014 | $606,972▲160% | $517,810▲205% | $154,424▲137% | $165,784▲125% | 990 |
| 2013 | $233,581▲138% | $169,745▲81.1% | $65,263▲1345% | $73,750▲1532% | 990 |
| 2011 | $98,243 | $93,725 | $4,518 | $4,518 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $2.5M total
21 grants to New Way Mississippi Inc totaling $2.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mississippi Food Network Inc | To provide, without charge, food to homeless, elderly, handicapped, mentally ill, battered, poor or otherwise needy men, women and children. | 2023 | $231,092 |
| Mississippi Food Network Inc | To provide, without charge, food to homeless, elderly, handicapped, mentally ill, battered, poor or otherwise needy men, women and children. | 2022 | $231,092 |
| Oxfam-america Inc | Just economies | 2022 | $200,000 |
| National Association For the Exchange of Industrial Resources I | Care of ill, needy, or minor | 2022 | $5,062 |
| Mississippi Food Network Inc | To provide, without charge, food to homeless, elderly, handicapped,mentally ill, battered, poor or otherwise needy men, women and children. | 2021 | $448,921 |
| Oxfam-america Inc | Saving lives | 2021 | $165,000 |
| Mississippi Food Network Inc | See part iv | 2020 | $257,085 |
| Oxfam-america Inc | Worker rights | 2020 | $65,000 |
| Mississippi Food Network Inc | See part iv | 2019 | $254,875 |
| Mississippi Food Network Inc | See part iv | 2019 | $162,267 |
| Oxfam-america Inc | Indigenous peoples rights | 2019 | $75,000 |
| National Association For the Exchange of Industrial Resources I | Care of ill, needy, or minor | 2019 | $7,474 |
| Mississippi Food Network Inc | See part iv | 2018 | $149,121 |
| Oxfam-america Inc | Indigenous peoples rights | 2018 | $100,000 |
| National Association For the Exchange of Industrial Resources I | Care of ill, needy, or minor | 2018 | $8,619 |
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Frequently asked questions
- Is New Way Mississippi Inc a legitimate nonprofit?
- Yes. New Way Mississippi Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 73-1631055, based in Jackson, Mississippi. Donations are tax-deductible.
- What is New Way Mississippi Inc's EIN?
- New Way Mississippi Inc's Employer Identification Number (EIN) is 73-1631055.
- How much revenue does New Way Mississippi Inc report?
- New Way Mississippi Inc reported $1,088,269 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does New Way Mississippi Inc have?
- CharityIndex grades New Way Mississippi Inc B, based on financial health (reserves and operating margin).
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Data for New Way Mississippi Inc (EIN 73-1631055) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.