New Life Village Inc

Analysis

New Life Village Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in June 2009, 17 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 August 2023, New Life Village Inc reported income of $1.1m and spending of $1.2m, spending 113% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $991k to $1.1m (+8.0%), an average of +1.9% a year. The sharpest change came in the year to August 2021, when income rose by 91%. Over the whole period it spent 46% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Life Village Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Kingstree Housing Development Company Inc ($1.1m), NHS Community Services LLC ($1.1m) and Little City for Community Development ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $100k (8.2% of expenses). Other salaries and wages came to $247k. At year end it held assets of $7.5m against liabilities of $2.2m, net assets of $5.3m. It reported 12 employees.