New Friends New Life

Analysis

New Friends New Life is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 Friends New Life reported income of $4.0m and spending of $3.2m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $4.0m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 94% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, New Friends New Life sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Louis D Brandeis Center Inc ($4.0m), Cabrini-Green Legal Aid Clinic Inc ($4.0m) and Kentucky Youth Advocates Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. Compensation of current officers, directors and key employees was $529k (16% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.2m against liabilities of $65k, net assets of $3.2m. It reported 35 employees.