New Life Mission

Analysis

New Life Mission is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in March 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Life Mission reported income of $532k and spending of $566k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $673k to $532k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2021, when income dropped by 15%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Life Mission sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within ME. Charities of a similar size with the same main cause include Virginias Kids Belong ($532k), Foundation4arts Inc ($532k) and Aptive Gives Back Foundation ($531k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $38k (6.8% of expenses). Other salaries and wages came to $338k. At year end it held assets of $465k against liabilities of $21k, net assets of $444k. It reported 14 employees.