World Newthing Mission Inc

Analysis

World Newthing Mission Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1996, 30 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, World Newthing Mission Inc reported income of $860k and spending of $720k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $819k to $860k (+5.1%), an average of +1.3% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, World Newthing Mission Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Oromo American Twhid Islamic Community of St Paul ($860k), Yeshivas Toras Zev Inc ($861k) and Pennyrile Christian Community Inc ($860k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.