New Life Ministries Of New England Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 419,129 | 385,755 | 33,374 | 13.8 | 26% |
| 2012 | 485,769 | 508,108 | −22,339 | 10.1 | 20% |
| 2013 | 574,298 | 565,484 | 8,814 | 9.3 | 16% |
| 2014 | 620,584 | 643,242 | −22,658 | 7.0 | 17% |
| 2015 | 584,182 | 621,222 | −37,040 | 6.5 | 22% |
| 2016 | 758,071 | 610,811 | 147,260 | 9.5 | 22% |
| 2017 | 682,630 | 693,246 | −10,616 | 8.4 | 28% |
| 2018 | 605,976 | 660,048 | −54,072 | 7.5 | 33% |
| 2019 | 487,915 | 618,888 | −130,973 | 6.1 | 39% |
| 2020 | 727,833 | 706,333 | 21,500 | 5.7 | 42% |
| 2021 | 988,874 | 961,845 | 27,029 | 4.5 | 49% |
| 2022 | 765,966 | 722,566 | 43,400 | 6.7 | 52% |
| 2023 | 714,143 | 676,578 | 37,565 | 8.0 | 64% |
In its most recent public year (2023), this organization brought in $37,565 more than it spent. Its reserves stood at about 8 months of spending, down from 13.8 in 2011. Staff pay was 64% 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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