New Life House of Faith Inc

Analysis

New Life House of Faith Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 House of Faith Inc reported income of $136k and spending of $138k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $84k to $136k (+61%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Life House of Faith Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within OH. Charities of a similar size with the same main cause include Grace Rock Ministries ($136k), TKC Ministries Inc ($136k) and Brimfield Study Center Inc ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $311k against liabilities of $292k, net assets of $19k.