Newlife Rescue & Adoption Inc

Analysis

Newlife Rescue & Adoption Inc is a registered charity in United States, based in Mount Vernon, IN. It received its IRS tax-exemption ruling in February 1984, 42 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Newlife Rescue & Adoption Inc reported income of $384k and spending of $387k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $268k to $384k (+43%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 99% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Newlife Rescue & Adoption Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include Dogtree Pines Senior Dog Sanctuary ($384k), 1 Horse at a Time Draft Horse Rescue Inc ($384k) and Searcy Animal League Inc ($384k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 1.4% of the total. Other salaries and wages came to $103k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 10 employees.