New Life Economic Development Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 4,322,439 | 2,955,160 | 1,367,279 | 5.3 | 0% |
| 2013 | 785,465 | 856,744 | −71,279 | 17.1 | 39% |
| 2014 | 384,010 | 595,473 | −211,463 | 21.9 | 58% |
| 2016 | 233,602 | 231,860 | 1,742 | 56.1 | 52% |
| 2017 | 312,729 | 311,087 | 1,642 | 41.8 | 56% |
| 2018 | 447,450 | 457,688 | −10,238 | 28.4 | 47% |
| 2019 | 319,780 | 335,809 | −16,029 | 35.3 | 56% |
| 2020 | 434,154 | 537,647 | −103,493 | 18.9 | 56% |
| 2021 | 489,862 | 604,602 | −114,740 | 14.6 | 58% |
| 2022 | 533,243 | 621,791 | −88,548 | 12.4 | 56% |
| 2023 | 537,757 | 516,309 | 21,448 | 16.5 | 57% |
In its most recent public year (2023), this organization brought in $21,448 more than it spent. Its reserves stood at about 16.5 months of spending, up from 5.3 in 2012. Staff pay was 57% 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
New Life Economic Development Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works