New Life Global Ministries Inc

Analysis

New Life Global Ministries Inc is a registered charity in United States, based in Martinsburg, WV. It received its IRS tax-exemption ruling in June 2017, 9 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 Life Global Ministries Inc reported income of $418k and spending of $372k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $418k (+77%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Life Global Ministries Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within WV. Charities of a similar size with the same main cause include Far Corners Missions ($418k), Urban Discovery Ministries Inc ($418k) and Parakaleo Ministry ($418k).

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 $79k (21% of expenses). Other salaries and wages came to $34k. At year end it held assets of $281k against liabilities of $11k, net assets of $270k. It reported 7 employees.