New Life Network Inc

Analysis

New Life Network Inc is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in June 1992, 34 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 Network Inc reported income of $85k and spending of $113k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $192k to $85k (-56%), an average of -18% a year. The sharpest change came in the year to December 2023, when income rose by 247%. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Life Network Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within GA. Charities of a similar size with the same main cause include New Generation Worship Center Inc ($85k), Rocky Mountain Ministries ($85k) and Sabbath Keepers Fellowship & Prison Ministry ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $420k against liabilities of $339k, net assets of $82k.