New Life Advance International
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,400,408 | 1,245,192 | 155,216 | 27.2 | 6% |
| 2021 | 1,672,423 | 1,326,353 | 346,070 | 28.8 | 5% |
| 2022 | 1,813,360 | 1,577,353 | 236,007 | 25.5 | 5% |
| 2023 | 1,638,890 | 1,640,941 | −2,051 | 24.7 | 5% |
In its most recent public year (2023), this organization spent $2,051 more than it brought in. Its reserves stood at about 24.7 months of spending, down from 27.2 in 2020. Staff pay was 5% 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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