Iglesia Principio Nuevo New Beginings Church

Analysis

Iglesia Principio Nuevo New Beginings Church is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 2015, 11 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, Iglesia Principio Nuevo New Beginings Church reported income of $69k and spending of $74k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $77k to $69k (-10%), an average of -5.2% a year. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia Principio Nuevo New Beginings Church sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within AZ. Charities of a similar size with the same main cause include Ministerio Pentecostes Isaias 56 7 ($69k), House of Today Ministries Inc ($69k) and Children S Rosary Inc ($69k).

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 $29k (39% of expenses). At year end it held assets of $789k against liabilities of $17k, net assets of $772k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.