New Glory International

Analysis

New Glory International is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in December 2011, 15 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 Glory International reported income of $215k and spending of $228k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $147k to $215k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2020, when income rose by 72%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Glory International sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Ronnie Tullos Evangelistic Association Inc ($215k), World Class Cities Inc ($215k) and Soulteam Inc ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $155k (68% of expenses). At year end it held assets of $101k against liabilities of $0, net assets of $101k. It reported 1 employees.