New Life International Mission Inc

Analysis

New Life International Mission Inc is a registered charity in United States, based in Port Orange, FL. It received its IRS tax-exemption ruling in March 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 (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 2023, New Life International Mission Inc reported income of $77k and spending of $80k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $348k to $77k (-78%), an average of -53% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Life International Mission Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 33rd percentile within FL. Charities of a similar size with the same main cause include The Initiative ($77k), One Life Ministries Inc ($77k) and St Joseph Seminary of Hanoi Foundation ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $13k (16% of expenses). At year end it held assets of $12k against liabilities of $166, net assets of $11k. It reported 1 employees.