Living the New Life Ministries Inc

Analysis

Living the New Life Ministries Inc is a registered charity in United States, based in Summerfield, NC. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Living the New Life Ministries Inc reported income of $128k and spending of $117k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $161k to $128k (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Living the New Life Ministries Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NC. Charities of a similar size with the same main cause include Shine Village Ministries - Uganda Inc ($128k), Urban Lifesource Connection ($128k) and Cheder Darchai Limud Inc ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.7% of the total. At year end it held assets of $95k against liabilities of $10k, net assets of $85k. It reported 2 employees.