New Life Community Inc

Analysis

New Life Community Inc is a registered charity in United States, based in Bel Air, MD. It received its IRS tax-exemption ruling in November 1977, 49 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, New Life Community Inc reported income of $55k and spending of $27k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $36k to $55k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. 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 Community Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 24th percentile within MD. Charities of a similar size with the same main cause include Friends of John B Murphy Elementary School ($55k), The Parents and Teachers of Braeburn Inc ($55k) and Seattle Peace Chorus ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.