New Vision Renewable Energy Inc

Analysis

New Vision Renewable Energy Inc is a registered charity in United States, based in Philippi, WV. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Vision Renewable Energy Inc reported income of $519k and spending of $328k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $519k (+350%), an average of +46% a year. The sharpest change came in the year to December 2021, when income rose by 171%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Vision Renewable Energy Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within WV. Charities of a similar size with the same main cause include Sandhills Aginnovation Center Inc ($519k), Haven of North East Ar Inc ($519k) and Koinonia House National Ministries Inc ($519k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Other salaries and wages came to $170k. At year end it held assets of $285k against liabilities of $145k, net assets of $140k.