New Life Outreach Ministry Incorporated

Analysis

New Life Outreach Ministry Incorporated is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Outreach Ministry Incorporated reported income of $281k and spending of $325k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $411k to $281k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Life Outreach Ministry Incorporated 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 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Gospel TLC Inc ($281k), Ton Thang Monastery ($281k) and Iowa Caregivers ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $346k against liabilities of $2,277, net assets of $344k. It reported 3 employees.