Nlife Inc

Analysis

Nlife Inc is a registered charity in United States, based in Gwynn Oak, MD. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, Nlife Inc reported income of $77k and spending of $91k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $107k to $77k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nlife Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within MD. Charities of a similar size with the same main cause include Garage Script ($77k), Lou-Von Family Foundation ($77k) and Associated Neighborhood Centers ($77k).

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 $14k (16% of expenses). At year end it held assets of $48k against liabilities of $0, net assets of $48k. It reported 2 employees.