New Life Institute Inc

Analysis

New Life Institute Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 1987, 39 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 Institute Inc reported income of $76k and spending of $93k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $186k to $76k (-59%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Life Institute Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within TX. Charities of a similar size with the same main cause include New Challenge Inc ($76k), North American Folk Music and Dance Alliance Inc ($76k) and Nami of San Joaquin County ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.6% and program service revenue 93% of the total. Other salaries and wages came to $29k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 1 employees.