New Life Ministries of Southwest Florida Inc

Analysis

New Life Ministries of Southwest Florida Inc is a registered charity in United States, based in Arcadia, FL. It received its IRS tax-exemption ruling in August 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Life Ministries of Southwest Florida Inc reported income of $108k and spending of $126k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $145k to $108k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Life Ministries of Southwest Florida Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include D a C Athletic Club Inc ($108k), Three Rivers Citizens Advisory Board ($108k) and Friends Development Fund Inc ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $30k (24% of expenses). Other salaries and wages came to $1,300. At year end it held assets of $218k against liabilities of $182k, net assets of $36k. It reported 4 employees.