New Life TN

Analysis

New Life TN is a registered charity in United States, based in Winchester, TN. It received its IRS tax-exemption ruling in November 1979, 47 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 June 2023, New Life TN reported income of $3.7m and spending of $3.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.7m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Life TN sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Mental Health Association Residential Care Inc ($3.7m), Bala Presbyterian Home Foundation ($3.7m) and American Indian Assoc of Tucson Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 90% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $6.5m against liabilities of $203k, net assets of $6.3m. It reported 77 employees.