New Life Community Services Inc

Analysis

New Life Community Services Inc is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in August 1983, 43 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Life Community Services Inc reported income of $3.5m and spending of $2.9m, spending 83% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.1m to $3.5m (+206%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 180%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Life Community Services Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Ronald McDonald House Charities Dayton ($3.5m), Hope Alliance ($3.5m) and Yosemite Rivers Alliance ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $154k (5.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.6m against liabilities of $719k, net assets of $1.9m. It reported 69 employees.