New Life Ranch Inc

Analysis

New Life Ranch Inc is a registered charity in United States, based in Colcord, OK. It received its IRS tax-exemption ruling in August 1965, 61 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Life Ranch Inc reported income of $8.5m and spending of $8.9m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.0m to $8.5m (+6.8%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Life Ranch Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within OK. Charities of a similar size with the same main cause include Finishing Trades Institute of the Mid Atlantic Region ($8.5m), King County Sexual Assault Resource Center ($8.5m) and Jewish Family Service Agency ($8.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $241k (2.7% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $27.0m against liabilities of $547k, net assets of $26.4m. It reported 465 employees.