Vietnamese New Beginning Church

Analysis

Vietnamese New Beginning Church is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2014, 12 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, Vietnamese New Beginning Church reported income of $164k and spending of $87k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $164k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 62% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vietnamese New Beginning Church sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Dagmawit Axum Tsion Mariam Orthodox Tewahido Monastery in Ti ($164k), Pearl Ministries Inc ($164k) and Scripture Awakening Inc ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $373k against liabilities of $0, net assets of $373k.