New Life Fellowship Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 480,721 | 756,688 | −275,967 | 40.9 | 38% |
| 2021 | 1,064,871 | 806,785 | 258,086 | 42.2 | 33% |
| 2022 | 977,692 | 1,003,404 | −25,712 | 33.7 | 31% |
In its most recent public year (2022), this organization spent $25,712 more than it brought in. Its reserves stood at about 33.7 months of spending, down from 40.9 in 2020. Staff pay was 31% 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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