New Life Endowment Inc

Analysis

New Life Endowment Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Endowment Inc reported income of $168k and spending of $196k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $291k to $168k (-42%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, New Life Endowment Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Focus International Development ($168k), Mercy Partners ($168k) and Japan Society of Boston Inc ($168k).

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 $16k against liabilities of $0, net assets of $16k.