Novel Approach Ministries Inc

Analysis

Novel Approach Ministries Inc is a registered charity in United States, based in Berthoud, CO. It received its IRS tax-exemption ruling in November 2019, 7 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, Novel Approach Ministries Inc reported income of $131k and spending of $166k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $131k to $131k (-0.5%), an average of -0.5% a year. Over the whole period it spent 131% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Novel Approach Ministries Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within CO. Charities of a similar size with the same main cause include House of Transformation Inc ($131k), Lovesick Ministries Inc ($131k) and Irav Ministry Inc ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.