New Life Solutions Inc

Analysis

New Life Solutions Inc is a registered charity in United States, based in Largo, FL. It received its IRS tax-exemption ruling in December 1985, 41 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Solutions Inc reported income of $2.4m and spending of $2.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.4m (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Life Solutions Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Shared Vision Inc ($2.4m), Redington Memorial Hospital Association ($2.4m) and ALS Northwest ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $230k (9.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.0m against liabilities of $1.5m, net assets of $2.6m. It reported 54 employees.