Nu-way House Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Thin reserves
Nu-way House Inc is a 501(c)(3) organization based in Minneapolis, Minnesota, registered in 1966, with $45,653,630 in FY2024 revenue. CharityIndex grades it D.
2217 Nicollet Ave, Minneapolis, MN, 55404 EIN 41-6052957 Since 1966
Revenue (FY2024)
$45.7M
▼ 2.1% vs prior year
Expenses (FY2024)
$58.4M
Net assets
-$3.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 Nu-way House Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -28% 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 Nu-way House Inc: 0 mo reserves · -28% margin earns a D 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 Nu-way House 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 Nu-way House Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2217 Nicollet Ave, Minneapolis, MN, 55404
- City
- Minneapolis
- State
- Minnesota
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $4.5M (FY2013) to $45.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $24.6MNet assets -$3.1M
Operating margin
-27.9%
Spent more than it raised in the latest fiscal year.
Total assets
$21.6M
Total liabilities
$24.6M
Net assets
-$3.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $45,653,630▼2.1% | $58,385,395▲18.7% | -$3,090,140▼111% | $21,552,260▼36.2% | 990 |
| 2023 | $46,620,638▲2.5% | $49,168,905▲20.6% | $28,361,830▼2.8% | $33,782,789▼25.7% | 990 |
| 2022 | $45,499,488▼7.0% | $40,754,344▼12.1% | $29,190,588▲19.4% | $45,441,909▲9.4% | 990 |
| 2021 | $48,907,875▲15.0% | $46,361,330▲17.0% | $24,445,444▲6.0% | $41,535,538▲1.1% | 990 |
| 2020 | $42,521,488▲27.7% | $39,639,141▲36.1% | $23,062,202▲14.0% | $41,079,529▲48.6% | 990 |
| 2019 | $33,294,205▲6.9% | $29,132,063▲7.6% | $20,225,166▲25.6% | $27,637,573▲35.8% | 990 |
| 2018 | $31,138,804▲59.9% | $27,067,927▲69.2% | $16,106,025▲33.9% | $20,355,109▲35.0% | 990 |
| 2017 | $19,479,132▲50.8% | $15,992,990▲46.9% | $12,030,909▲41.0% | $15,074,144▲47.0% | 990 |
| 2016 | $12,915,602▲55.3% | $10,883,430▲77.4% | $8,532,199▲31.4% | $10,255,702▲38.4% | 990 |
| 2015 | $8,314,812▲56.3% | $6,136,114▲42.1% | $6,495,429▲50.5% | $7,408,204▲60.4% | 990 |
| 2014 | $5,320,451▲18.8% | $4,319,056▲16.5% | $4,316,731▲30.2% | $4,619,770▲24.4% | 990 |
| 2013 | $4,476,859 | $3,708,401▲40.6% | $3,315,336▲30.2% | $3,714,715▲37.2% | 990 |
| 2012 | — | $2,637,960 | $2,546,878 | $2,707,825 | 990 |
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 · $81K total
1 grant to Nu-way House Inc totaling $81K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Ucare Minnesota | Support to provide structured doctoral level supervision, training and professional development support for practicum and post-practicum licensed alcohol and drug counselors (ladc's) from diverse communities reflective of the client population served. | 2022 | $81,250 |
Frequently asked questions
- Is Nu-way House Inc a legitimate nonprofit?
- Yes. Nu-way House Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-6052957, based in Minneapolis, Minnesota. Donations are tax-deductible.
- What is Nu-way House Inc's EIN?
- Nu-way House Inc's Employer Identification Number (EIN) is 41-6052957.
- How much revenue does Nu-way House Inc report?
- Nu-way House Inc reported $45,653,630 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Nu-way House Inc have?
- CharityIndex grades Nu-way House Inc D, based on financial health (reserves and operating margin).
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Data for Nu-way House Inc (EIN 41-6052957) 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.