New Life Ministries Inc

Analysis

New Life Ministries Inc is a registered charity in United States, based in Helper, UT. It received its IRS tax-exemption ruling in August 1987, 39 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Life Ministries Inc reported income of $102k and spending of $49k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $102k (+7.2%), an average of +7.2% a year. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Life Ministries Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within UT. Charities of a similar size with the same main cause include Friends of Chamber Music of Miami Inc ($102k), Alice Leala Price Charitable Trust 43-01455 ($102k) and Tri-State Railway Historical Society Inc ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $491k against liabilities of $0, net assets of $491k.