A New Life Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 10,842 | 10,050 | 792 | 593.3 | — |
| 2020 | 7,469 | 10,000 | −2,531 | 593.2 | — |
| 2021 | 3,290 | 0 | 3,290 | — | — |
| 2022 | 4,582 | 15,000 | −10,418 | 389.8 | — |
| 2023 | 21,045 | 39,068 | −18,023 | 144.1 | — |
In its most recent public year (2023), this organization spent $18,023 more than it brought in. Its reserves stood at about 144.1 months of spending, down from 593.3 in 2019.
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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