Connect NYC Ministries Inc

Analysis

Connect NYC Ministries Inc is a registered charity in United States, based in Rego Park, NY. It received its IRS tax-exemption ruling in October 2024, 2 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 2022, Connect NYC Ministries Inc reported income of $133k and spending of $72k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $31k to $133k (+333%), an average of +333% a year. The sharpest change came in the year to December 2022, when income rose by 333%. Over the whole period it spent 59% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Connect NYC Ministries Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Word of Life Chapel International ($133k), Teammates in Ministry Inc ($133k) and American Friends of Hitchabroot Inc ($133k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.