Ministries of New Life Inc

Analysis

Ministries of New Life Inc is a registered charity in United States, based in Leawood, KS. It received its IRS tax-exemption ruling in December 1984, 42 years ago. 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, Ministries of New Life Inc reported income of $185k and spending of $215k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $169k to $185k (+9.4%), an average of +9.4% a year. Over the whole period it spent 140% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ministries of New Life Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within KS. Charities of a similar size with the same main cause include Technical College Directors Association of Georgia Inc ($185k), Little League Baseball Inc ($185k) and Rivma Companion Animal Foundation ($185k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $274k against liabilities of $0, net assets of $274k.