New Life Centers of Chicagoland NFP

Analysis

New Life Centers of Chicagoland NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Centers of Chicagoland NFP reported income of $20.5m and spending of $18.8m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $20.5m (+631%), an average of +64% a year. The sharpest change came in the year to December 2020, when income rose by 428%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, New Life Centers of Chicagoland NFP sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Stand for Children Leadership Center ($20.3m), Bergens Promise Inc ($20.7m) and Boys & Girls Clubs of Palm Beach County Foundation Inc ($19.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $224k (1.2% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $8.3m against liabilities of $2.9m, net assets of $5.4m. It reported 163 employees.