New Life for Youth Inc

Analysis

New Life for Youth Inc is a registered charity in United States, based in N Chesterfld, VA. It received its IRS tax-exemption ruling in August 1972, 54 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 June 2023, New Life for Youth Inc reported income of $859k and spending of $839k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $941k to $859k (-8.7%), an average of -2.3% a year. The sharpest change came in the year to June 2022, when income dropped by 15%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Life for Youth Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include Inland Empire Community Collaborative ($858k), West Central Illinois Case Coordination Unit ($859k) and Kiwanis Foundation of New England Inc ($858k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $39k (4.6% of expenses). Other salaries and wages came to $201k. At year end it held assets of $2.7m against liabilities of $1.1m, net assets of $1.6m. It reported 13 employees.