New Life Ministries - Indiana Inc

Analysis

New Life Ministries - Indiana Inc is a registered charity in United States, based in Huntington, IN. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Ministries - Indiana Inc reported income of $373k and spending of $332k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $298k to $373k (+25%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Life Ministries - Indiana Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Womens Fund of Greater Milwaukee Inc ($373k), Express Immigration Services ($373k) and Butler Meals on Wheels Inc ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $19k (5.6% of expenses). Other salaries and wages came to $140k. At year end it held assets of $76k against liabilities of $2,752, net assets of $74k. It reported 17 employees.