New Life Center Foundation

Analysis

New Life Center Foundation is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Life Center Foundation reported income of $136k and spending of $169k, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $31k to $136k (+337%), an average of +45% a year. The sharpest change came in the year to June 2020, when income rose by 214%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Life Center Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 36th percentile within ND. Charities of a similar size with the same main cause include Iglesia Pentecostal Dios Proveera ($136k), Debre Mitmak Dagmawi Tsadikane St Mary Eotc ($136k) and Lets Go Ministries ($136k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m.