New Song Ministries Inc

Analysis

New Song Ministries Inc is a registered charity in United States, based in Ball Ground, GA. It received its IRS tax-exemption ruling in August 1982, 44 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 June 2022, New Song Ministries Inc reported income of $14.5m and spending of $14.1m, spending 97% of its income. Across the 4 years on record, from June 2019 to June 2022, income fell from $15.5m to $14.5m (-6.7%), an average of -2.3% a year. The sharpest change came in the year to June 2022, when income rose by 581%. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Song Ministries Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Pa Education Association ($14.5m), Barry & Florence Friedberg Jewish Community Center ($14.6m) and Icatholic Media Inc ($14.5m).

On its Form 990 for the period ending June 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $370k (2.6% of expenses). Other salaries and wages came to $516k. At year end it held assets of $1.3m against liabilities of $832k, net assets of $496k. It reported 12 employees.