New Life Ministries of New England Inc

Analysis

New Life Ministries of New England Inc is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in May 1978, 48 years ago. 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 Ministries of New England Inc reported income of $714k and spending of $677k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $488k to $714k (+46%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 49%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Life Ministries of New England Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within NH. Charities of a similar size with the same main cause include Gesher Disability Resources Inc ($714k), Irvington Counseling Center Inc ($714k) and Delaware Valley Christian Camp ($714k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $165k (24% of expenses). Other salaries and wages came to $269k. At year end it held assets of $714k against liabilities of $265k, net assets of $449k. It reported 12 employees.