New Life Solutions Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,992,958 | 2,149,094 | 843,864 | 12.0 | 55% |
| 2021 | 2,845,106 | 2,326,364 | 518,742 | 13.8 | 57% |
| 2022 | 2,455,330 | 2,441,919 | 13,411 | 13.2 | 54% |
| 2023 | 2,385,135 | 2,521,615 | −136,480 | 12.1 | 57% |
In its most recent public year (2023), this organization spent $136,480 more than it brought in. Its reserves stood at about 12.1 months of spending. Staff pay was 57% of spending. $121,185 of its net assets are donor-restricted.
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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