New Life Cdc Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 376,320 | 192,404 | 183,916 | 11.5 | 16% |
| 2020 | 191,936 | 203,537 | −11,601 | 10.2 | 15% |
| 2021 | 308,582 | 205,881 | 102,701 | 7.3 | 15% |
| 2022 | 265,357 | 268,868 | −3,511 | 5.4 | 11% |
In its most recent public year (2022), this organization spent $3,511 more than it brought in. Its reserves stood at about 5.4 months of spending, down from 11.5 in 2019. Staff pay was 11% 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 2022. 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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