New Life Warehouse Inc

Analysis

New Life Warehouse Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in May 2020, 6 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 2023, New Life Warehouse Inc reported income of $619k and spending of $597k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $428k to $619k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Life Warehouse Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Wabisabi Inc ($619k), Songs of Love Foundation ($619k) and Here 4 Kids ($619k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $16k. At year end it held assets of $137k against liabilities of $10k, net assets of $127k. It reported 1 employees.