New Life Center Inc

Analysis

New Life Center Inc is a registered charity in United States, based in Bardstown, KY. It received its IRS tax-exemption ruling in December 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Center Inc reported income of $79k and spending of $89k, spending 112% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $93k to $79k (-15%), an average of -5.3% a year. The sharpest change came in the year to December 2021, when income dropped by 15%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Life Center Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within KY. Charities of a similar size with the same main cause include Recreational Horizons Inc ($79k), Redmond Food Project ($79k) and Burbank Y Service Club Inc ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.