New Life Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 248,175 | 183,899 | 64,276 | 13.8 | — |
| 2012 | 199,510 | 214,590 | −15,080 | 11.0 | — |
| 2013 | 233,760 | 230,415 | 3,345 | 10.1 | 44% |
| 2014 | 286,669 | 272,465 | 14,204 | 9.2 | 23% |
| 2015 | 297,818 | 293,736 | 4,082 | 8.7 | 0% |
| 2016 | 555,750 | 341,599 | 214,151 | 15.0 | 0% |
| 2017 | 348,377 | 405,116 | −56,739 | 11.0 | 0% |
| 2018 | 473,205 | 424,473 | 48,732 | 11.9 | 0% |
| 2019 | 525,926 | 468,226 | 57,700 | 12.2 | 0% |
| 2020 | 1,124,328 | 669,711 | 454,617 | 16.7 | 38% |
| 2021 | 566,162 | 558,681 | 7,481 | 20.2 | 37% |
| 2022 | 456,691 | 623,922 | −167,231 | 14.8 | 43% |
In its most recent public year (2022), this organization spent $167,231 more than it brought in. Its reserves stood at about 14.8 months of spending. Staff pay was 43% of spending. $128,388 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2022. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
New Life Community Development Corporation's IRS filings as a feed — one entry per filing year, through 2022. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works