Vida Nueva Para El Mundo

Analysis

Vida Nueva Para El Mundo is a registered charity in United States, based in Flower Mound, 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 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, Vida Nueva Para El Mundo reported income of $485k and spending of $542k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $322k to $485k (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vida Nueva Para El Mundo sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Avot Inc ($484k), Truth Life & Word Womens Organization ($485k) and First Fruits Ministries Inc ($484k).

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 $244k (45% of expenses). Other salaries and wages came to $48k. At year end it held assets of $348k against liabilities of $0, net assets of $348k.