Better New Life Foundation

Analysis

Better New Life Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover human services, 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 2019, Better New Life Foundation reported income of $690k and spending of $2,296, leaving 100% of income unspent that year. Across the 2 years on record, from December 2018 to December 2019, income grew from $60k to $690k (+1050%), an average of +1050% a year. The sharpest change came in the year to December 2019, when income rose by 1050%. Over the whole period it spent 0.3% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Better New Life Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include St Nicholas Early Learning Inc ($690k), Hand in Hand Child Development of Alvin Inc ($690k) and Pennyrile Childrens Advocacy Center Inc ($690k).

On its Form 990 for the period ending December 2019, revenue came from contributions and grants 100% of the total. At year end it held assets of $748k against liabilities of $0, net assets of $748k.