New Life Day School

Analysis

New Life Day School is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Life Day School reported income of $901k and spending of $577k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $794k to $901k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Life Day School sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Newport Harbor Educational Foundation ($901k), Fayette Alliance Foundation Inc ($901k) and Granite Bay High Boosters Association ($901k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $66k (11% of expenses). Other salaries and wages came to $284k. At year end it held assets of $717k against liabilities of $113k, net assets of $603k. It reported 16 employees.