New Life Community Ministries Inc

Analysis

New Life Community Ministries Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, New Life Community Ministries Inc reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $859k to $1.8m (+115%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 152%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Life Community Ministries Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Austin Gifted ($1.8m), Communities in Schools of Brunswick County ($1.8m) and Whole Child Academy ($1.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (4.3% of expenses). Other salaries and wages came to $350k. At year end it held assets of $1.3m against liabilities of $12k, net assets of $1.2m. It reported 13 employees.