New Life Academy Educational Foundation Inc

Analysis

New Life Academy Educational Foundation Inc is a registered charity in United States, based in Woodbury, MN. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, New Life Academy Educational Foundation Inc reported income of $976k and spending of $749k, leaving 23% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income grew from $971k to $976k (+0.5%), an average of +0.1% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Life Academy Educational Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include The Alabama Independent School Association Inc ($976k), Spirit of Huntington Inc ($977k) and Asian Pacific American Leadership Institute ($976k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $3.0m against liabilities of $252k, net assets of $2.7m.