New Life for Youth Enterprise Inc

Analysis

New Life for Youth Enterprise Inc is a registered charity in United States, based in Ira, MI. It received its IRS tax-exemption ruling in July 1980, 46 years ago. 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 for Youth Enterprise Inc reported income of $57k and spending of $70k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $110k to $57k (-49%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Life for Youth Enterprise Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within MI. Charities of a similar size with the same main cause include PTA Texas Congress ($57k), Beta Phi Mu ($57k) and East Central Indiana Developement Council Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $192k against liabilities of $29k, net assets of $164k.