New Life Community Development Corporation

Analysis

New Life Community Development Corporation is a registered charity in United States, based in Elmhurst, NY. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2022, New Life Community Development Corporation reported income of $457k and spending of $624k, spending 137% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $526k to $457k (-13%), an average of -4.6% a year. The sharpest change came in the year to December 2020, when income rose by 114%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Life Community Development Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Pennsylvania Center for Employee Ownership ($457k), Pembroke Youth Hockey Inc ($457k) and The National Information Officers Association Incorporated ($457k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $102k (16% of expenses). Other salaries and wages came to $167k. At year end it held assets of $790k against liabilities of $18k, net assets of $772k. It reported 8 employees.