Iglesia Metodista Nueva Vida Inc

Analysis

Iglesia Metodista Nueva Vida Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Iglesia Metodista Nueva Vida Inc reported income of $66k and spending of $40k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $66k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia Metodista Nueva Vida Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Southern California Area Assembly of Alcoholics Anonymous ($66k), Chut Hameshulash Inc ($66k) and Fellowship of the Unashamed Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $375k against liabilities of $504, net assets of $375k.