Charity Way Foundation EIN 41-1983021 Form 990 (PDF) Claim this org

Charity Way Foundation FY2023 filing

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Provides medical aid, education, and housing for the poor in India and Pakistan. For fiscal year 2023 it reported $660K in revenue, $600K in expenses, and $198K in net assets.Pt I

Type
Public charity (501(c)(3)) · International
Location
Blaine, MN
Website
charityway.org
Filings
5 on file (2020–2023)
Revenue
$660KFY2023
Expenses
$600K
Net assets
$198K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  41-1983021 Public charity (501(c)(3)) Blaine, MN
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Provides medical aid, education, and housing for the poor in India and Pakistan.
Leadership
Tanveer Zubair · Director
Money in and out
$660K revenue, $600K expenses
Bottom line
100% program efficiency
Where the money goes · FY2023
Total revenue
$660K
Pt VIII · Ln 12
Total expenses
$600K
Pt IX · Ln 25
Net assets
$198K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $60K
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00
Program efficiency
100%
of spending reaches programs
Operating runway
4.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$660K
FY2023▲ +21%
Expenses
$600K
FY2023▼ -16%
Total assets
$198K
FY2023▲ +43%
Total liabilities
$0
FY2023
Total revenue
$660K
Pt VIII · Ln 12
Total expenses
$600K
Pt IX · Ln 25
Net assets
$198K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$60K
Total assetsPt X · Ln 16$198K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCharity Way Foundation
EINHdr · item D41-1983021
Principal addressHdr · item CBlaine, MN
WebsiteHdr · item Jcharityway.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q30)
Ruling yearIRS BMFJul 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Charity Way Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $600K of program spending, described in the organization's own filed words · FY2023.
01

Establishment of small businesses, food & clothing, housing, marriages assistance for widows & eldery

$410Kprogram expense
02

Medical instruments for hospitals, medical camps, medical clinic, immunization, and misc medical assistance

$170Kprogram expense
03

Educational assistance, assistance in paying teachers salaries, helped in construction of schools & vocational centers

$20Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$660K
Investment income$184
Total revenueLn 12$660K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$600K
Management & general$345
Total functional expensesLn 25$600K

Balance Sheet

Part X · end of year
CashLn 1$198K
Total assetsLn 16$198K
Total liabilitiesLn 26$0
Total net assetsLn 32$198K
Months of cash on handcomputed4.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $198K · Operating expenses/yr $600K
4.0 months
Where the money goes
Program services
Program services $600K · Total expenses $600K
100%
Management & General
Management & general $345 · Total expenses $600K
0.06%
Fundraising
Fundraising $0 · Total expenses $600K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $603K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $660K · Total revenue $660K
100%
Government reliance
Government grants — · Total revenue $660K
Earned-income share
Program service revenue $0 · Total revenue $660K
0%
Investment reliance
Investment income $184 · Total revenue $660K
+0.03%
Program self-sufficiency
Program service revenue $0 · Total expenses $600K
0%
Growth & trend
Revenue growth (YoY)
This year $660K · Prior year $546K
+21%
Net-asset trend (YoY)
End of year $198K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $660K · Expenses $600K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $198K
Net-asset ratio
Net assets $198K · Total assets $198K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $198K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tanveer Zubair · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $600K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $600K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0.06%
Fundraising cost ratio 0%
Revenue growth 21%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$123K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$590K revenue · ⤓ 990 PDF
FY2023$660K revenue · viewing · ⤓ 990 PDF
FY2022$546K revenue · ⤓ 990 PDF
FY2021$602K revenue · ⤓ 990 PDF
FY2020$558K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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