New Day Ministries Inc

Analysis

New Day Ministries Inc is a registered charity in United States, based in Kingstree, SC. It received its IRS tax-exemption ruling in January 2009, 17 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, New Day Ministries Inc reported income of $51k and spending of $53k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $67k to $51k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Day Ministries Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 25th percentile within SC. Charities of a similar size with the same main cause include Matranga Ministries Inc ($51k), Grace Family Fellowship of Chillicothe Inc ($51k) and Al Baitil Ma Mur - Myanmar Muslim Association ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $427 against liabilities of $0, net assets of $427.