New Creation Life Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 219,380 | 87,075 | 132,305 | 18.7 | 86% |
| 2021 | 301,872 | 236,937 | 64,935 | 10.2 | 71% |
| 2022 | 298,823 | 254,015 | 44,808 | 11.6 | 64% |
| 2023 | 411,201 | 392,229 | 18,972 | 8.1 | 56% |
In its most recent public year (2023), this organization brought in $18,972 more than it spent. Its reserves stood at about 8.1 months of spending, down from 18.7 in 2020. Staff pay was 56% 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 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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