New Wine Collective Inc

Analysis

New Wine Collective Inc is a registered charity in United States, based in Burlington, MA. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Wine Collective Inc reported income of $90k and spending of $117k, spending 130% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $202k to $90k (-55%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Wine Collective Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Our Fathers Persistent Love Ministries Inc ($90k), The Gathering Place Ahoskie ($90k) and House of Prayer Tabernacle ($90k).

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 $29k against liabilities of $1,162, net assets of $28k.