New Found Life Foundation

Analysis

New Found Life Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Found Life Foundation reported income of $216k and spending of $246k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $478k to $216k (-55%), an average of -55% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 63% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Found Life Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include East Tennessee Kidney Foundation Inc ($216k), Copper River Emergency Medical Services Council Inc ($216k) and Pro-Life Doc Inc ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. At year end it held assets of $256k against liabilities of $0, net assets of $256k.