New Life Island

Analysis

New Life Island is a registered charity in United States, based in Upper Black Eddy, PA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Island reported income of $417k and spending of $401k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $306k to $417k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New Life Island sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Arizona Cycling Association ($417k), Advantage Cleveland Tennis and Education Inc ($417k) and California Amateur Mixed Martial Arts Organization Inc ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $174k. At year end it held assets of $191k against liabilities of $0, net assets of $191k.