New Vine Ministries Inc

Analysis

New Vine Ministries Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in June 2014, 12 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 Vine Ministries Inc reported income of $93k and spending of $21k, leaving 77% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $93k (+122%), an average of +122% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 54% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Vine Ministries Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Young Mens Christian Association of the University of Texas ($93k), Midwest Christian Outreach Inc ($93k) and White Horse Ministries ($93k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 6.6% of the total. At year end it held assets of $112k against liabilities of $0, net assets of $112k.