New Life School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,351,958 | 5,817,349 | −465,391 | -2.6 | 54% |
| 2012 | 6,400,165 | 6,955,903 | −555,738 | -2.6 | 54% |
| 2013 | 8,487,016 | 6,903,150 | 1,583,866 | 0.2 | 56% |
| 2014 | 5,659,416 | 6,526,996 | −867,580 | -1.4 | 56% |
| 2015 | 6,106,401 | 6,430,401 | −324,000 | -3.5 | 59% |
| 2016 | 6,442,064 | 6,641,785 | −199,721 | -3.7 | 57% |
| 2017 | 6,134,754 | 6,477,656 | −342,902 | -4.4 | 55% |
| 2018 | 6,350,714 | 7,336,626 | −985,912 | -5.5 | 56% |
| 2019 | 7,977,624 | 7,879,179 | 98,445 | -5.0 | 56% |
| 2020 | 7,091,196 | 7,172,902 | −81,706 | -5.6 | 53% |
| 2021 | 5,788,146 | 6,315,702 | −527,556 | -7.4 | 56% |
| 2022 | 6,539,663 | 6,144,298 | 395,365 | -6.8 | 49% |
| 2023 | 8,915,027 | 5,466,199 | 3,448,828 | -2.8 | 50% |
In its most recent public year (2023), this organization brought in $3,448,828 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-2.8 months). Staff pay was 50% of spending.
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 2023. 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
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