New Life Apostolic Ministries

Analysis

New Life Apostolic Ministries is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Life Apostolic Ministries reported income of $181k and spending of $151k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $153k to $181k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. 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 Apostolic Ministries sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within IA. Charities of a similar size with the same main cause include Star House International Church ($181k), Iglesia de Dios En Roosevelt Inc ($181k) and American Friends of Bircas Chaim Inc ($181k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $525k against liabilities of $379k, net assets of $146k. It reported 2 employees.