Journey to New Life Inc

Analysis

Journey to New Life Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 August 2023, Journey to New Life Inc reported income of $2.3m and spending of $2.3m, spending 102% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $2.0m to $2.3m (+17%), an average of +5.4% a year. The sharpest change came in the year to August 2021, when income rose by 92%. 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, Journey to New Life Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within MO. Charities of a similar size with the same main cause include Peninsula Alliance ($2.3m), Residential Inc ($2.3m) and Habitat for Humanity International Inc ($2.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $73k (3.1% of expenses). Other salaries and wages came to $783k. At year end it held assets of $1.6m against liabilities of $87k, net assets of $1.5m. It reported 30 employees.