Next Generation Ministries International Incorporated

Analysis

Next Generation Ministries International Incorporated is a registered charity in United States, based in Fishersville, VA. It received its IRS tax-exemption ruling in December 2005, 21 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 December 2023, Next Generation Ministries International Incorporated reported income of $56k and spending of $73k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $224k to $56k (-75%), an average of -75% a year. The sharpest change came in the year to December 2023, when income dropped by 75%. Over the whole period it spent 54% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Next Generation Ministries International Incorporated sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within VA. Charities of a similar size with the same main cause include Life in Him Ministries Inc ($56k), College Street Fellowship House Foundation Inc ($56k) and Solum Community Transformation Initiative Inc ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $12k (16% of expenses). At year end it held assets of $158k against liabilities of $570, net assets of $158k. It reported 2 employees.