Nueva Providencia Ministries Inc

Analysis

Nueva Providencia Ministries Inc is a registered charity in United States, based in Deland, FL. 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, Nueva Providencia Ministries Inc reported income of $980k and spending of $106k, leaving 89% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $980k (+744%), an average of +744% a year. The sharpest change came in the year to December 2023, when income rose by 744%. Over the whole period it spent 20% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Nueva Providencia Ministries Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Good Shepherd Mission 1 ($979k), Cambridge Digital Bible Research ($981k) and Lets Start Talking Ministry ($978k).

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 $80k (76% of expenses). At year end it held assets of $881k against liabilities of $3,514, net assets of $878k. It reported 1 employees.