Newlife Ethiopia

Analysis

Newlife Ethiopia is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Newlife Ethiopia reported income of $504k and spending of $447k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $345k to $504k (+46%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newlife Ethiopia sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include Single Parent Provision ($504k), Chowan Perquimans Smart Start Partnership ($504k) and Fort Myers Beach Kiwanis Club Foundation Inc ($504k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $39k. At year end it held assets of $455k against liabilities of $4,942, net assets of $450k. It reported 4 employees.