The New Covenant Church of God CDC

Analysis

The New Covenant Church of God CDC is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2016, 10 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, The New Covenant Church of God CDC reported income of $70k and spending of $67k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $70k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The New Covenant Church of God CDC sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within PA. Charities of a similar size with the same main cause include Reconciliation Ministries Network Inc ($70k), Shekinah Light Inc ($70k) and Northeast Florida College Camp Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.