Neu-Life Community Development Inc

Analysis

Neu-Life Community Development Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Neu-Life Community Development Inc reported income of $1.3m and spending of $1.6m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.3m (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Neu-Life Community Development Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within WI. Charities of a similar size with the same main cause include Stevens County Developmental Achievement Center Inc ($1.3m), Senior Support Services ($1.3m) and Chasdei Nochum Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $177k (11% of expenses). Other salaries and wages came to $521k. At year end it held assets of $1.5m against liabilities of $457k, net assets of $1.0m. It reported 31 employees.