New Life Properties Inc

Analysis

New Life Properties Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 1979, 47 years ago. 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 Properties Inc reported income of $1.0m and spending of $3.1m, spending 311% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.9m to $1.0m (-48%), an average of -20% a year. The sharpest change came in the year to June 2023, when income dropped by 62%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Life Properties Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Housing Connection of Clark County Inc ($1.0m), National Aeronautic Association of U S a Inc ($1.0m) and Bernardine Franciscan Sisters Foundation Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.0% and program service revenue 90% of the total. At year end it held assets of $13.2m against liabilities of $575k, net assets of $12.7m.