New Life Fellowship Inc

Analysis

New Life Fellowship Inc is a registered charity in United States, based in Plumtree, NC. It received its IRS tax-exemption ruling in March 1970, 56 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, New Life Fellowship Inc reported income of $978k and spending of $1.0m, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.1m to $978k (-53%), an average of -22% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Life Fellowship Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Helping Other People Effectively Inc ($978k), Hershey Christian Academy ($978k) and Bakke Graduate University ($978k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 24% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $71k (7.0% of expenses). Other salaries and wages came to $239k. At year end it held assets of $2.8m against liabilities of $32k, net assets of $2.8m. It reported 47 employees.