New Light Assembly

Analysis

New Light Assembly is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Light Assembly reported income of $97k and spending of $69k, leaving 29% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $77k to $97k (+26%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 164%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Light Assembly sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Cathedral of Christ the King Endowment Trust ($97k), Iglesia Cristiana de LA Reconciliation Inc ($97k) and Emergency Committee to Save the Persecuted and Enslaved Inc ($97k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $19k (27% of expenses). At year end it held assets of $48k against liabilities of $0, net assets of $48k.