New Life II Teaching You Another Way Ministries

Analysis

New Life II Teaching You Another Way Ministries is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Life II Teaching You Another Way Ministries reported income of $342k and spending of $276k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $294k to $342k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Life II Teaching You Another Way Ministries sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include Give God the Glory Inc ($342k), Good Counsel Charitable TR ($342k) and Roger Hoagland Christian Missions ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $114k (42% of expenses). Other salaries and wages came to $52k. At year end it held assets of $234k against liabilities of $0, net assets of $234k. It reported 7 employees.