New Beginning International House of Worship

Analysis

New Beginning International House of Worship is a registered charity in United States, based in Live Oak, TX. It received its IRS tax-exemption ruling in August 2014, 12 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 2022, New Beginning International House of Worship reported income of $231k and spending of $210k, spending 91% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $180k to $231k (+28%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Beginning International House of Worship sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Romans Project ($231k), Forever Free Foundation Inc ($231k) and Bridge of Blue Springs Inc ($231k).

Compensation of current officers, directors and key employees was $31k (15% of expenses). At year end it held assets of $96k against liabilities of $29k, net assets of $68k.