New Covenant Baptist Church of Houston

Analysis

New Covenant Baptist Church of Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2020, New Covenant Baptist Church of Houston reported income of $130k and spending of $78k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income fell from $175k to $130k (-26%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 65% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Covenant Baptist Church of Houston 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 44th percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include First Friday Club of Chicago Inc ($130k), Abiding Word Ministries Inc ($130k) and Concord Baptist Church of Atlanta ($130k).

On its Form 990-EZ for the period ending December 2020, revenue came from contributions and grants 100% of the total. At year end it held assets of $291k against liabilities of $70k, net assets of $221k.