New Wine Development Corporation Inc

Analysis

New Wine Development Corporation Inc is a registered charity in United States, based in LA Place, LA. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, New Wine Development Corporation Inc reported income of $1.2m and spending of $904k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $367k to $1.2m (+239%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 230%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Wine Development Corporation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within LA. Charities of a similar size with the same main cause include Young Parents Network Incorporated ($1.2m), Family Promise of Greater Orlando Inc ($1.2m) and Muslim Children Education and Civic Center ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Other salaries and wages came to $244k. At year end it held assets of $934k against liabilities of $5,679, net assets of $929k. It reported 57 employees.