Newburgh Ministry Inc

Analysis

Newburgh Ministry Inc is a registered charity in United States, based in Newburgh, NY. It received its IRS tax-exemption ruling in November 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Newburgh Ministry Inc reported income of $1.2m and spending of $1.4m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $910k to $1.2m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newburgh Ministry Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Lonoke County Task Force on Child Abuse and Neglect Inc ($1.2m), Roaring Fork Public Radio Inc ($1.2m) and Boys and Girls Club of Rosebud ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $143k (10% of expenses). Other salaries and wages came to $874k. At year end it held assets of $2.1m against liabilities of $506k, net assets of $1.6m.