New Church Initiatives Inc

Analysis

New Church Initiatives Inc is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in October 2001, 25 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 December 2023, New Church Initiatives Inc reported income of $457k and spending of $393k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $242k to $457k (+89%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Church Initiatives Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include We Go - Nigeria ($457k), One Day Church Project Inc ($457k) and Acme Christian Thrift Store & Food Pantry ($457k).

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 $6,756 (1.7% of expenses). Other salaries and wages came to $186k. At year end it held assets of $290k against liabilities of $0, net assets of $290k. It reported 4 employees.