New Life Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 118,521 | 83,788 | 34,733 | 20.5 | — |
| 2012 | 148,452 | 89,316 | 59,136 | 27.2 | — |
| 2013 | 96,013 | 75,426 | 20,587 | 7.8 | 46% |
| 2014 | 103,802 | 78,683 | 25,119 | 11.3 | 31% |
| 2016 | 91,817 | 88,357 | 3,460 | 34.4 | — |
| 2017 | 109,919 | 86,335 | 23,584 | 38.5 | — |
| 2018 | 101,345 | 107,272 | −5,927 | 30.3 | — |
| 2019 | 104,621 | 84,291 | 20,330 | 41.5 | — |
| 2020 | 94,232 | 46,655 | 47,577 | 87.2 | — |
| 2021 | 107,628 | 49,940 | 57,688 | 93.9 | — |
| 2022 | 95,191 | 47,319 | 47,872 | 111.2 | — |
| 2023 | 102,000 | 49,420 | 52,580 | 119.2 | — |
In its most recent public year (2023), this organization brought in $52,580 more than it spent. Its reserves stood at about 119.2 months of spending, up from 20.5 in 2011.
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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