New Life Services Inc

Analysis

New Life Services Inc is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in December 1988, 38 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 September 2023, New Life Services Inc reported income of $5.1m and spending of $4.7m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.2m to $5.1m (+61%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Life Services Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Donatestock Charitable Inc ($5.1m), Center for Leadership Development Inc ($5.1m) and Providence Southwest Washington Foundation ($5.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Other salaries and wages came to $4.0m. At year end it held assets of $2.8m against liabilities of $267k, net assets of $2.5m. It reported 113 employees.