New Life with Education

Analysis

New Life with Education is a registered charity in United States, based in Mission, KS. It received its IRS tax-exemption ruling in September 2014, 12 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 with Education reported income of $268k and spending of $302k, spending 113% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $238k to $268k (+12%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Life with Education 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 60th percentile, and in the 59th percentile within KS. Charities of a similar size with the same main cause include The Loughlin Foundation ($268k), Girard College Alumni Association ($268k) and American Tamil Academy Inc ($268k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (25% of expenses). At year end it held assets of $214k against liabilities of $0, net assets of $214k.