New Day Ministries

Analysis

New Day Ministries is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Day Ministries reported income of $221k and spending of $737k, spending 333% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $308k to $221k (-28%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 161%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Day Ministries sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within KY. Charities of a similar size with the same main cause include Brooklyn Public School 9 PTO Inc ($221k), Jessi Combs Memorial Foundation ($221k) and Fleetwood Area Public Library ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $82k (11% of expenses). Other salaries and wages came to $60k. At year end it held assets of $190k against liabilities of $0, net assets of $190k. It reported 11 employees.