New Way Global
Helps people with everyday needs while sharing Christian beliefs. For fiscal year 2024 it reported $294K in revenue, $347K in expenses, and $177K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Human Services
- Location
- Greenville, SC
- Filings
- 4 on file (2021–2024)
More identity details & actions ⌄
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Allan Sherer’s $10K as President is at the 5th percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Allan Sherer | $10,500 | $12,550 | $12,000 | $10,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Where the work happens
Training, Education and Relief Initiatives. Including
1 Education-related initiatives, such as STEM education in developing countries, and educational opportunities for minority and low-income children in the United States. 2 Initiatives to provide Bibles and other Christian training materials to partner organizations in the United States and internationally 3 Training initiatives…
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 96% | — | — |
| Overhead ratio | 4% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 18% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0.8% | — | — |
| Fundraising fee ratio | 0% | — | — |
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
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Filings & Schedule Manifest
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Sources
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