New Life Ministries

Analysis

New Life Ministries is a registered charity in United States, based in Churchville, VA. It received its IRS tax-exemption ruling in April 1985, 41 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 Ministries reported income of $171k and spending of $149k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $171k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Life Ministries sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Kentucky Academy of Science ($171k), James River Greyhounds Inc ($171k) and Parent Booster USA Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $94k. At year end it held assets of $290k against liabilities of $73k, net assets of $217k. It reported 3 employees.