New Life Adoptions

Analysis

New Life Adoptions is a registered charity in United States, based in Tomball, TX. It received its IRS tax-exemption ruling in December 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 Adoptions reported income of $820k and spending of $636k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $623k to $820k (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Life Adoptions sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Gerimed Inc ($820k), Amyotrophic Lateral Sclerosis ($820k) and Mother Teresa Shelter Inc ($820k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $108k (17% of expenses). Other salaries and wages came to $232k. At year end it held assets of $2.0m against liabilities of $224k, net assets of $1.8m. It reported 9 employees.