New Life Family Services

Analysis

New Life Family Services is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 1978, 48 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 March 2024, New Life Family Services reported income of $5.1m and spending of $3.7m, leaving 26% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.8m to $5.1m (+79%), an average of +16% a year. The sharpest change came in the year to March 2021, when income rose by 50%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Life Family Services sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Mei Fong and Associates ($5.1m), Central California Appellate Program ($5.1m) and Senior Resource Development Agency Pueblo Inc ($5.1m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $138k (3.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $8.8m against liabilities of $1.2m, net assets of $7.6m. It reported 46 employees.