Iglesia Cristiana Buenas Nuevas Inc

Analysis

Iglesia Cristiana Buenas Nuevas Inc is a registered charity in United States, based in North Bergen, NJ. It received its IRS tax-exemption ruling in February 1993, 33 years ago. 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 Cristiana Buenas Nuevas Inc reported income of $193k and spending of $193k, spending 100% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $162k to $193k (+19%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iglesia Cristiana Buenas Nuevas Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 60th percentile within NJ. Charities of a similar size with the same main cause include Glen Rock Volunteer Ambulance Corps ($193k), C N Wodehouse American Cancer Society Trust ($193k) and Almost Home Child Care Inc ($193k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $285k against liabilities of $53k, net assets of $232k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.