New Life International Corp

Analysis

New Life International Corp is a registered charity in United States, based in Underwood, IN. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 International Corp reported income of $3.1m and spending of $2.5m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $3.1m (+27%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 575%. Over the whole period it spent 73% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, New Life International Corp sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Center for International Policy Inc ($3.1m), Blue Missions Group Inc ($3.1m) and The Institute for Middle East Understanding ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $125k (5.0% of expenses). Other salaries and wages came to $430k. At year end it held assets of $5.9m against liabilities of $37k, net assets of $5.8m. It reported 15 employees.