New Life Viet Ministry Inc

Analysis

New Life Viet Ministry Inc is a registered charity in United States, based in Richmond, TX. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, New Life Viet Ministry Inc reported income of $67k and spending of $71k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $67k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Life Viet Ministry Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Eli Arenas Ministries Inc ($67k), Iqra Foundation of Greater Houston Inc ($67k) and King Jesus Pentecostal Fellowship Maryland ($67k).

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 $15k against liabilities of $0, net assets of $15k.