David Crain New Life Ministries Inc

Analysis

David Crain New Life Ministries Inc is a registered charity in United States, based in Grand Saline, TX. It received its IRS tax-exemption ruling in October 1987, 39 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, David Crain New Life Ministries Inc reported income of $109k and spending of $178k, spending 164% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $229k to $109k (-53%), an average of -31% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 113% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, David Crain New Life Ministries Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include T L Smith Ministries Inc ($109k), Our Neighborhood Empowered Inc ($109k) and Deborah Stricklin Ministries ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $105k (59% of expenses). At year end it held assets of $128k against liabilities of $1,845, net assets of $126k.