New Life Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 306,060 | 270,391 | 35,669 | 13.9 | 17% |
| 2012 | 304,856 | 265,095 | 39,761 | 16.0 | 19% |
| 2013 | 274,018 | 261,113 | 12,905 | 16.9 | 20% |
| 2014 | 206,452 | 253,220 | −46,768 | 15.2 | 21% |
| 2015 | 186,717 | 240,200 | −53,483 | 13.3 | 22% |
| 2016 | 179,679 | 202,980 | −23,301 | 14.4 | 48% |
| 2017 | 187,627 | 187,372 | 255 | 15.6 | 40% |
| 2018 | 183,648 | 170,760 | 12,888 | 18.0 | 41% |
| 2019 | 172,603 | 187,322 | −14,719 | 15.5 | 48% |
| 2020 | 197,983 | 154,151 | 43,832 | 22.2 | 38% |
| 2021 | 206,779 | 173,764 | 33,015 | 22.0 | 51% |
| 2022 | 163,766 | 168,074 | −4,308 | 22.4 | 53% |
| 2023 | 227,586 | 165,321 | 62,265 | 27.3 | 54% |
In its most recent public year (2023), this organization brought in $62,265 more than it spent. Its reserves stood at about 27.3 months of spending, up from 13.9 in 2011. Staff pay was 54% of spending. $376,576 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 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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