New Life Charitable Foundation Inc

Analysis

New Life Charitable Foundation Inc is a registered charity in United States, based in Bellefontaine, OH. It received its IRS tax-exemption ruling in October 1970, 56 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Life Charitable Foundation Inc reported income of $50k and spending of $32k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $151k to $50k (-67%), an average of -24% a year. The sharpest change came in the year to December 2021, when income dropped by 72%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Life Charitable Foundation Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within OH. Charities of a similar size with the same main cause include Brethren Frontier School ($50k), Vision Ministries Inc ($50k) and Illinois Native Plant Society ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.