New Life Baptist Church

Analysis

New Life Baptist Church is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in October 2006, 20 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 Life Baptist Church reported income of $1.4m and spending of $965k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $833k to $1.4m (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Life Baptist Church sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Blessings Through Action Inc ($1.4m), Righteous Rides ($1.4m) and New Church Specialties ($1.4m).

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 $2.8m against liabilities of $827k, net assets of $1.9m. It reported 4 employees.