New Life Enterprises Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 414,606 | 389,767 | 24,839 | 1.6 | 17% |
| 2012 | 435,062 | 438,608 | −3,546 | 1.3 | 18% |
| 2013 | 467,900 | 475,887 | −7,987 | 0.2 | 22% |
| 2014 | 439,067 | 426,815 | 12,252 | 0.6 | 24% |
| 2015 | 578,513 | 561,675 | 16,838 | 0.8 | 20% |
| 2016 | 605,766 | 577,276 | 28,490 | 1.4 | 23% |
| 2017 | 547,891 | 556,979 | −9,088 | 1.2 | 27% |
| 2018 | 516,521 | 548,778 | −32,257 | 0.5 | 24% |
| 2019 | 484,223 | 470,523 | 13,700 | 0.9 | 26% |
| 2020 | 470,546 | 495,594 | −25,048 | 0.2 | 19% |
| 2021 | 582,982 | 711,606 | −128,624 | -2.0 | 17% |
| 2022 | 539,867 | 538,606 | 1,261 | -2.6 | 22% |
| 2023 | 548,559 | 535,283 | 13,276 | -2.3 | 28% |
In its most recent public year (2023), this organization brought in $13,276 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-2.3 months), down from 1.6 in 2011. Staff pay was 28% 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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