New Life Day Center Inc

Analysis

New Life Day Center Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Day Center Inc reported income of $302k and spending of $326k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $302k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Life Day Center Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within KY. Charities of a similar size with the same main cause include TWB Residential Opportunities II Inc ($302k), Family Life and Marraige Enrichment Inc ($302k) and Rebuilding Together Long Island Inc ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $65k (20% of expenses). Other salaries and wages came to $56k. At year end it held assets of $37k against liabilities of $40k, net assets of -$3,010. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.