New Lyfe Homes

Analysis

New Lyfe Homes is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Lyfe Homes reported income of $94k and spending of $149k, spending 158% of what it took in. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Lyfe Homes sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Plummer Home Inc ($94k), Hope Housing of Green Country Inc ($94k) and Alabama Housing Foundation Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1 against liabilities of $5,264, net assets of -$5,263.