Radio Cantico Nuevo Inc

Analysis

Radio Cantico Nuevo Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Radio Cantico Nuevo Inc reported income of $199k and spending of $182k, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $265k to $199k (-25%), an average of -6.9% a year. The sharpest change came in the year to September 2023, when income dropped by 21%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Radio Cantico Nuevo Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Marketplace Missionary ($199k), Iglesia Kayros Nuevo Renacer ($199k) and Global Ministry Resources ($199k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $104k. At year end it held assets of $4,815 against liabilities of $44k, net assets of -$39k. It reported 6 employees.