New Life Studios Inc

Analysis

New Life Studios Inc is a registered charity in United States, based in Jamestown, TN. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Studios Inc reported income of $299k and spending of $258k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $260k to $299k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Life Studios Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include Alliance Francaise D Austin Texas ($299k), Redlands Art Association ($299k) and Great Lakes Lighthouse Keepers Association ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Other salaries and wages came to $126k. At year end it held assets of $275k against liabilities of $8,514, net assets of $266k. It reported 10 employees.