New Wineskins Missionary Network

Analysis

New Wineskins Missionary Network is a registered charity in United States, based in Elon, NC. It received its IRS tax-exemption ruling in July 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, New Wineskins Missionary Network reported income of $630k and spending of $567k, spending 90% of its income. Across the 3 years on record, from December 2019 to December 2022, income grew from $405k to $630k (+56%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Wineskins Missionary Network sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Stop Childrens Cancer Inc ($630k), Friends of Burma Inc ($630k) and Springfield Family Center Inc ($630k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $159k (28% of expenses). Other salaries and wages came to $69k. At year end it held assets of $353k against liabilities of $4,912, net assets of $348k. It reported 6 employees.