New Life Community Developement Center

Analysis

New Life Community Developement Center is a registered charity in United States, based in Bremerton, WA. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, New Life Community Developement Center reported income of $712k and spending of $844k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $322k to $712k (+121%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 133%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Life Community Developement Center sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within WA. Charities of a similar size with the same main cause include Angelic Ministries International Inc ($711k), Neighbor Helping Neighbor Food Bank Inc ($712k) and Council of Mid-Willamette Valley Society of St Vincent de Paul ($711k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 38% of the total. Other salaries and wages came to $176k. At year end it held assets of $7.6m against liabilities of $2.0m, net assets of $5.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.