Newvines International Inc

Analysis

Newvines International Inc is a registered charity in United States, based in Salem, VA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Newvines International Inc reported income of $116k and spending of $94k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $170k to $116k (-31%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 68% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Newvines International Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within VA. Charities of a similar size with the same main cause include Foundation for Hope in Africa Inc ($116k), Academy for International Health Philanthropy ($116k) and Soulwinners Ministries International LLC ($116k).

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 $190k against liabilities of $4,136, net assets of $186k.