New Creation Va

Analysis

New Creation Va is a registered charity in United States, based in Harrisonburg, VA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Creation Va reported income of $1.3m and spending of $702k, leaving 46% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.3m to $1.3m (-2.9%), an average of -1.4% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Creation Va sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Kauai Food Bank Inc ($1.3m), Helpers in Ministries Inc ($1.3m) and El Centro de Servicios Sociales Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $63k (9.0% of expenses). Other salaries and wages came to $196k. It paid $69k in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $101k, net assets of $1.5m. It reported 11 employees.