A New Life Charitable Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 82,322 | 37,424 | 44,898 | 14.4 | — |
| 2020 | 218,501 | 142,252 | 76,249 | 10.2 | 0% |
| 2021 | 355,745 | 276,953 | 78,792 | 8.7 | 0% |
| 2022 | 424,292 | 385,716 | 38,576 | 7.4 | 0% |
| 2023 | 491,274 | 677,265 | −185,991 | 0.9 | 1% |
| 2024 | 386,627 | 383,970 | 2,657 | 1.7 | 0% |
In its most recent public year (2024), this organization brought in $2,657 more than it spent. Its reserves stood at about 1.7 months of spending, down from 14.4 in 2019. Staff pay was 0% 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 2024. 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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