New Creation Ministries Inc

Analysis

New Creation Ministries Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2024, New Creation Ministries Inc reported income of $230k and spending of $108k, leaving 53% of income unspent that year. Across the 3 years on record, from August 2022 to August 2024, income grew from $87k to $230k (+164%), an average of +62% a year. The sharpest change came in the year to August 2024, when income rose by 135%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Creation Ministries Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Evergreen Life Services of Florida Inc ($230k), Eyeshine ($230k) and Social Club of Chicago NFP ($230k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (37% of expenses). Other salaries and wages came to $5,000. At year end it held assets of $136k against liabilities of $9,774, net assets of $127k. It reported 1 employees.