Welcome to a New Life

Analysis

Welcome to a New Life is a registered charity in United States, based in Findlay, OH. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Welcome to a New Life reported income of $318k and spending of $203k, leaving 36% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $212k to $318k (+50%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Welcome to a New Life sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include Reconciliation Associates Inc ($318k), Regalos de Amor Inc ($318k) and Khat Vong Song ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $57k (28% of expenses). Other salaries and wages came to $40k. At year end it held assets of $450k against liabilities of $0, net assets of $450k. It reported 3 employees.