New Salem Baptist Church

Analysis

New Salem Baptist Church is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2002, 24 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 2023, New Salem Baptist Church reported income of $468k and spending of $490k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $506k to $468k (-7.5%), an average of -1.9% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 133% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Salem Baptist Church sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Amer Friends of the Archbishop of Cantrbrys Angl Communion Fund Inc ($468k), Christian Military Fellowship ($468k) and Expect a Miracle Ministries ($468k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 11% of the total. Other salaries and wages came to $273k. At year end it held assets of $1.3m against liabilities of $1.0m, net assets of $214k.