New Financial Lifeinc
EIN: 61443579 · New Haven, CT
| Metric | Value |
|---|---|
| Total Expenses | $129K |
| Net Assets | $28K |
Is New Financial Lifeinc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Financial Lifeinc
New Financial Lifeinc (EIN: 61443579) is a nonprofit organization based in New Haven, CT. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Financial Lifeinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Financial Lifeinc is a small nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -23.5%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $121K |
| Total Expenses | $129K |
| Surplus / Deficit | $-8,434 |
| Total Assets | $28K |
| Net Assets | $28K |
| Operating Margin | -7.0% |
| Months of Reserves | 2.6 months |
Financial Health Grade: C
In 2016, New Financial Lifeinc reported a deficit of $8K with expenses exceeding revenue, holds 2.6 months of operating reserves (limited).
Financial Trends
Over 6 years of filings (2011–2016), New Financial Lifeinc's revenue has declined at a compound annual growth rate (CAGR) of -23.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -20.9% | -21.3% | -39.1% |
| 2015 | -41.7% | -36.3% | -40.3% |
| 2014 | -5.1% | -3.7% | -28.7% |
| 2013 | +52.3% | -11.9% | +35.4% |
| 2012 | -60.7% | -11.7% | -70.0% |
AI Analysis Pending
AI enrichment for New Financial Lifeinc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Financial Lifeinc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
Frequently Asked Questions about New Financial Lifeinc
Is New Financial Lifeinc a legitimate charity?
New Financial Lifeinc (EIN: 61443579) is a registered tax-exempt nonprofit based in Connecticut. It has 6 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does New Financial Lifeinc spend its money?
New Financial Lifeinc reported its financials in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Financial Lifeinc tax-deductible?
New Financial Lifeinc is registered as a tax-exempt nonprofit (EIN: 61443579). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Financial Lifeinc located?
New Financial Lifeinc is headquartered in New Haven, Connecticut and files with the IRS under EIN 61443579.
How many years of IRS 990 filings does New Financial Lifeinc have?
New Financial Lifeinc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for New Financial Lifeinc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), New Financial Lifeinc's revenue has declined by 73.8%, moving from $460K to $121K. Total assets decreased by 89.5% over the same period, from $263K to $28K. Total functional expenses fell by 62.4%, from $343K to $129K. In its most recent filing year (2016), New Financial Lifeinc reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $121K | $129K | $28K | $0 | — | View 990 |
| 2015 | $152K | $164K | $45K | $9K | — | View 990 |
| 2014 | $261K | $257K | $76K | $28K | — | View 990 |
| 2013 | $275K | $267K | $107K | $65K | — | View 990 |
| 2012 | $181K | $303K | $79K | $46K | — | View 990 |
| 2011 | $460K | $343K | $263K | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $121K, expenses of $129K, and assets of $28K (revenue -20.9% year-over-year).
- 2015: Revenue of $152K, expenses of $164K, and assets of $45K (revenue -41.7% year-over-year).
- 2014: Revenue of $261K, expenses of $257K, and assets of $76K (revenue -5.1% year-over-year).
- 2013: Revenue of $275K, expenses of $267K, and assets of $107K (revenue +52.3% year-over-year).
- 2012: Revenue of $181K, expenses of $303K, and assets of $79K (revenue -60.7% year-over-year).
- 2011: Revenue of $460K, expenses of $343K, and assets of $263K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Financial Lifeinc:
Data Sources and Methodology
This transparency report for New Financial Lifeinc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.