New Life Ministries

Analysis

New Life Ministries is a registered charity in United States, based in Camden, DE. It received its IRS tax-exemption ruling in May 1986, 40 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 reported income of $228k and spending of $165k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $173k to $228k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 88% 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 sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 51st percentile within DE. Charities of a similar size with the same main cause include American Patriot Service Corporation ($228k), Hodgson Road Properties Inc ($228k) and Anderson Woods Inc ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $89k (54% of expenses). At year end it held assets of $844k against liabilities of $468k, net assets of $377k. It reported 2 employees.