New Life Team Inc

Analysis

New Life Team Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in December 1980, 46 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 June 2023, New Life Team Inc reported income of $131k and spending of $135k, spending 102% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $93k to $131k (+41%), an average of +41% a year. The sharpest change came in the year to June 2023, when income rose by 41%. 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 Team Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within WV. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($131k), Bay East Association of Realtors Foundation ($131k) and Big Sandy Senior Citizens Center ($131k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $149k against liabilities of $0, net assets of $149k.