New Life CDC Inc

Analysis

New Life CDC Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in July 2012, 14 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 December 2022, New Life CDC Inc reported income of $265k and spending of $269k, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $376k to $265k (-29%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Life CDC Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Mamaroneck Schools Foundation Inc ($265k), Reach New Heights Inc ($265k) and Institute for Domestic and International Affairs ($265k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $30k. At year end it held assets of $121k against liabilities of $0, net assets of $121k. It reported 1 employees.