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Nonprofit · EIN 73-1631055

NEW WAY MISSISSIPPI INC

Tax-exempt · JACKSON, MS 39225

Financials

$829K$1M2023$1.1M$1.1M2024
Revenue Expenses · by fiscal year end
Financials of NEW WAY MISSISSIPPI INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,088,269$1,085,179$3,090$1,506,170$1,364,497$141,673
December 31, 2023990$828,952$1,024,961-$196,009$1,265,853$1,279,220-$13,367
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$523,340
Program service revenue
$564,929
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$361,960
Salaries, compensation and benefits (total)
$361,960
Professional fundraising fees
$0
Occupancy
$34,565
Depreciation
$84,011
Program services (functional)
$683,495
Management and general (functional)
$401,684

Balance sheet and other

Total assets, start of year
$1,265,853
Total assets, end of year
$1,506,170
Total liabilities, end of year
$1,364,497
Net assets, end of year
$141,673
Land, buildings and equipment
$996,120
Net assets without donor restrictions
$141,673
Gross receipts
$1,088,269
Employees
0
Volunteers
5
Year formed
2001
State of legal domicile
MS

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
LARRYPERRY
Key employee
40$18,000$72,000
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensationOther / benefits
LARRYPERRY
Key employee
40$18,000$69,500

Address and contacts

Address (IRS master file)
PO BOX 24404, JACKSON, MS 39225-4404
In care of
% A HARPER
Mailing address (990-N for 2010)
P O BOX 24404, JACKSON MS 392254404
Principal officer (990 for 2024)
Larry Perry, PO Box 24404, Jackson, MS 39225
Principal officer (990-N for 2010)
LARRY PERRY, P O BOX 24404, JACKSON MS 392254404
Signed the 990
LARRY PERRY, Chief Executive Officer
Phone
(601) 500-5670
Return prepared by
Rhodes Financial Group LLP

Mission

Provide transitional housing for the homeless, ex-offenders and disenfranchised individuals. Implemented a Employment Training Program for all program participants

990 for the year ended December 31, 2024

Program accomplishments

  • Increase programmatic services to clients with emphasis on Employment Training and job retention services.
    Expenses $683,495 · grants $523,340 · revenue $1,088,269

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
73-1631055
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2003
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P30)
Assets (IRS master file)
$1,506,170
Income (IRS master file)
$1,088,269

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,088,269$1,085,179$1,506,170XML
990December 2023$828,952$1,024,961$1,265,853XML
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990-N for 2010
Officer: LARRY PERRY
December 31, 2010≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 73-1631055).

Questions about NEW WAY MISSISSIPPI INC

What is the EIN of NEW WAY MISSISSIPPI INC?
The employer identification number (EIN) of NEW WAY MISSISSIPPI INC is 73-1631055.
Is NEW WAY MISSISSIPPI INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to NEW WAY MISSISSIPPI INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW WAY MISSISSIPPI INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NEW WAY MISSISSIPPI INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEW WAY MISSISSIPPI INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NEW WAY MISSISSIPPI INC?
The 990 for the year ended December 31, 2024 names Larry Perry.
Who are the officers and directors of NEW WAY MISSISSIPPI INC?
The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $18,000 (LARRY, PERRY).
How much revenue does NEW WAY MISSISSIPPI INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,088,269, expenses of $1,085,179 and total assets of $1,506,170 at year end.

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