Vida Nueva Ministries Inc

Analysis

Vida Nueva Ministries Inc is a registered charity in United States, based in Eagle Pass, TX. It received its IRS tax-exemption ruling in August 1988, 38 years ago. 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, Vida Nueva Ministries Inc reported income of $607k and spending of $510k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $359k to $607k (+69%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vida Nueva Ministries Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include St Lukes Medical Clinic ($607k), Visiting Homemaker Service of Ocean County Inc ($607k) and Good Friends ($607k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $82k (16% of expenses). Other salaries and wages came to $4,200. At year end it held assets of $638k against liabilities of $81k, net assets of $557k. It reported 5 employees.