New Creation Home Ministries

Analysis

New Creation Home Ministries is a registered charity in United States, based in E Palo Alto, CA. It received its IRS tax-exemption ruling in February 2002, 24 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 December 2023, New Creation Home Ministries reported income of $331k and spending of $491k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $440k to $331k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Creation Home Ministries sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include KBK Foundation ($331k), Tulsa Cornerstone Assistance Network Inc ($331k) and Elizabeths House ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $85k (17% of expenses). Other salaries and wages came to $194k. At year end it held assets of $1.4m against liabilities of -$3,612, net assets of $1.4m. It reported 13 employees.