Anew Ministries

Analysis

Anew Ministries is a registered charity in United States, based in Wheatfield, IN. It received its IRS tax-exemption ruling in February 2020, 6 years ago. 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 June 2024, Anew Ministries reported income of $261k and spending of $174k, leaving 33% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $166k to $261k (+58%), an average of +58% a year. The sharpest change came in the year to June 2024, when income rose by 58%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Anew Ministries sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IN. Charities of a similar size with the same main cause include Jewish Womens Action Alliance Arizona ($261k), Southern California Committee for the Olympic Games ($261k) and Kearney RHF Housing Inc ($261k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $27k (15% of expenses). Other salaries and wages came to $28k. At year end it held assets of $361k against liabilities of $0, net assets of $361k. It reported 4 employees.