Education (B80) IRS Verified DX Registered 990 on File

NEWAY WORKS INC

EIN: 85-3162312 · MOUNT CLEMENS, MI 48043-5695 · United States · FY 2024 Data

3 out of 5 53 / 100 Based on 2+ years of filings

Financial strength (30%) 51/100

Reliability (20%) 40/100

Effectiveness (25%) 73/100

Impact (25%) 45/100

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

Our mission is to empower student athletes by providing after school services that foster academic success and personal growth. We strive to break barriers, unlock potential, and build brighter futures for the next generation of leaders.

Financial Overview — FY 2024

N/A

Total Revenue

N/A

Total Expenses

N/A

Net Assets

N/A

Employees

Program Expense Ratio N/A

Fundraising Efficiency 0.0%

Operating Reserve N/A

Liability-to-Asset 0.0%

Revenue Diversification N/A

Compared with Peers

FY 2023

Compared with 26,496 similar organizations (United States, Education, under $100K in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	100.0%	87.2%	P10P90	Top quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	54.2%	40.1%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	4.8 mo	23.4 mo	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	62.2%	88.3%	P10P90	Above median
Revenue growth Year over year revenue growth	-3.6%	2.3%	P10P90
Expense growth Year over year expense growth	82.1%	2.7%	P10P90
Surplus margin Surplus as a share of revenue	-2.7%	10.2%	P10P90

Impact

1 program

Outcome / Program	People Served	Cost / Service	# Completed	Duration
Increased GPA, improved mental health, self esteem, confidence and improved education	60	$2,000.00	—	Per Month

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	N/A	N/A	N/A	—	—
2023	$86K	$88K	$35K	100.0%	—
2022	$89K	$49K	$38K	75.4%	—

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Organization Details

EIN: 85-3162312
State: MI
City: MOUNT CLEMENS
ZIP: 48043-5695
Classification: B80
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2020
Foundation Code: 16
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
An organization that is not in good standing with its registry (for example a revoked tax exemption) is shown as Not rated.
"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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