International New Wave Ministries

Analysis

International New Wave Ministries is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in June 1995, 31 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 2020, International New Wave Ministries reported income of $62k and spending of $55k, spending 88% of its income. Across the 2 years on record, from December 2019 to December 2020, income grew from $56k to $62k (+12%), an average of +12% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, International New Wave Ministries sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include East Bay Rising Suns ($62k), Regency Terrace of Cape Girardeau Inc ($62k) and Families and Individuals Thanking Heroes ($62k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,604 against liabilities of $250, net assets of $7,354.