New Creation Life Ministries Inc

Analysis

New Creation Life Ministries Inc is a registered charity in United States, based in Lake Forest, CA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Creation Life Ministries Inc reported income of $411k and spending of $392k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $219k to $411k (+87%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Creation Life Ministries Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Shared Blessings Inc ($411k), Jude 3 Project Inc ($411k) and Ministry of Outreach to Slavic Tribes Inc ($411k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $104k (26% of expenses). Other salaries and wages came to $118k. At year end it held assets of $268k against liabilities of $3,734, net assets of $264k.