New Life Academy Of Excellence Inc
New Life Academy Of Excellence Inc shows consistent growth and no executive compensation, with a recent deficit in 2024.
EIN: 161768260 · Duluth, GA · NTEE: B29 · Updated: 2026-03-28
Is New Life Academy Of Excellence Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Life Academy Of Excellence Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Life Academy Of Excellence Inc
New Life Academy Of Excellence Inc (EIN: 161768260) is a nonprofit organization based in Duluth, GA, classified under NTEE code B29. The organization reported total revenue of $6.9M and total assets of $9.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Life Academy Of Excellence Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Life Academy Of Excellence Inc is a mid-size nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.8M |
| Total Expenses | $6.1M |
| Surplus / Deficit | $-247,003 |
| Total Assets | $9.5M |
| Total Liabilities | $6.7M |
| Net Assets | $2.8M |
| Operating Margin | -4.2% |
| Debt-to-Asset Ratio | 70.1% |
| Months of Reserves | 18.8 months |
Financial Health Grade: C
In 2024, New Life Academy Of Excellence Inc reported a deficit of $247K with expenses exceeding revenue, holds 18.8 months of operating reserves (strong position), has a debt-to-asset ratio of 70.1% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), New Life Academy Of Excellence Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +7.7% | +22.5% | +83.9% |
| 2023 | +2.0% | +1.9% | +2.9% |
| 2022 | +13.5% | +17.5% | +11.1% |
| 2021 | +1.3% | -5.5% | +10.3% |
| 2020 | +2.1% | +1.7% | +6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Life Academy Of Excellence Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, New Life Academy Of Excellence Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $247K, with expenses exceeding revenue.
- Debt-to-asset ratio: 70.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size, with revenues exceeding $5 million, and suggests a strong commitment to directing all funds towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New Life Academy Of Excellence Inc's IRS 990 filings:
- Expenses exceeded revenue in the latest filing (202406) by $247,003, which warrants monitoring.
- Significant increase in liabilities in 2024 ($2,088,365 to $6,684,492) suggests substantial debt, which could pose future financial risk if not managed effectively.
Strengths
The following positive indicators were identified for New Life Academy Of Excellence Inc:
- Consistent revenue growth over the past decade, from $3.48M in 2015 to $5.83M in 2024.
- Strong asset growth, increasing from $3.57M in 2015 to $9.53M in 2024.
- 0% officer compensation reported across all filings, indicating a strong commitment to mission and transparency.
- Positive net assets, with assets consistently exceeding liabilities, demonstrating financial stability (e.g., $9.53M assets vs. $6.68M liabilities in 2024).
Frequently Asked Questions about New Life Academy Of Excellence Inc
Is New Life Academy Of Excellence Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Life Academy Of Excellence Inc (EIN: 161768260) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does New Life Academy Of Excellence Inc spend its money?
New Life Academy Of Excellence Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Life Academy Of Excellence Inc tax-deductible?
New Life Academy Of Excellence Inc is registered as a tax-exempt nonprofit (EIN: 161768260). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is New Life Academy Of Excellence Inc a good charity?
Based on the provided data, New Life Academy Of Excellence Inc appears to be a good charity. It demonstrates consistent financial growth, strong asset accumulation, and a remarkable commitment to transparency by reporting 0% officer compensation across all filings. This suggests that resources are primarily directed towards its mission.
Why is officer compensation 0%?
The filings consistently report 0% officer compensation. This could mean that executive leadership is entirely volunteer-based, compensated through a related entity not reported on this 990, or that compensation falls below the reporting threshold for officers. Given the organization's size, the former is most likely or compensation is structured differently.
What caused the significant increase in assets and liabilities in 2024?
In 2024, assets increased from $5,181,446 to $9,530,570, and liabilities increased from $2,088,365 to $6,684,492. This substantial increase in both suggests a major capital investment, such as property acquisition or facility expansion, likely financed through debt.
Is the 2024 deficit a concern for long-term financial health?
The 2024 deficit of $247,003 (expenses $6,081,478 vs. revenue $5,834,475) is a point to monitor. While a single year's deficit isn't necessarily critical, especially if tied to strategic investments, sustained deficits could impact long-term financial health. Given the strong asset base, it may be manageable in the short term.
Filing History
IRS 990 filing history for New Life Academy Of Excellence Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), New Life Academy Of Excellence Inc's revenue has grown by 91.3%, moving from $3.1M to $5.8M. Total assets increased by 1332.2% over the same period, from $665K to $9.5M. Total functional expenses rose by 98.4%, from $3.1M to $6.1M. In its most recent filing year (2024), New Life Academy Of Excellence Inc reported a deficit of $247K, with expenses exceeding revenue. The organization holds $6.7M in liabilities against $9.5M in assets (debt-to-asset ratio: 70.1%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $5.8M | $6.1M | $9.5M | $6.7M | — | View 990 |
| 2023 | $5.4M | $5.0M | $5.2M | $2.1M | — | View 990 |
| 2022 | $5.3M | $4.9M | $5.0M | $2.4M | — | View 990 |
| 2021 | $4.7M | $4.1M | $4.5M | $2.3M | — | — |
| 2020 | $4.6M | $4.4M | $4.1M | $2.5M | — | View 990 |
| 2019 | $4.5M | $4.3M | $3.8M | $2.4M | — | View 990 |
| 2018 | $4.1M | $3.9M | $3.8M | $2.6M | — | — |
| 2017 | $4.1M | $3.8M | $3.7M | $2.6M | — | View 990 |
| 2016 | $3.8M | $3.7M | $3.5M | $2.7M | — | View 990 |
| 2015 | $3.5M | $3.4M | $3.6M | $2.9M | — | View 990 |
| 2014 | $3.5M | $3.5M | $3.5M | $2.9M | — | View 990 |
| 2013 | $3.4M | $3.3M | $2.9M | $2.3M | — | View 990 |
| 2012 | $3.3M | $3.4M | $3.0M | $2.4M | — | View 990 |
| 2011 | $3.1M | $3.1M | $665K | $88K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $5.8M, expenses of $6.1M, and assets of $9.5M (revenue +7.7% year-over-year).
- 2023: Revenue of $5.4M, expenses of $5.0M, and assets of $5.2M (revenue +2.0% year-over-year).
- 2022: Revenue of $5.3M, expenses of $4.9M, and assets of $5.0M (revenue +13.5% year-over-year).
- 2021: Revenue of $4.7M, expenses of $4.1M, and assets of $4.5M (revenue +1.3% year-over-year).
- 2020: Revenue of $4.6M, expenses of $4.4M, and assets of $4.1M (revenue +2.1% year-over-year).
- 2019: Revenue of $4.5M, expenses of $4.3M, and assets of $3.8M (revenue +11.6% year-over-year).
- 2018: Revenue of $4.1M, expenses of $3.9M, and assets of $3.8M (revenue -0.7% year-over-year).
- 2017: Revenue of $4.1M, expenses of $3.8M, and assets of $3.7M (revenue +7.4% year-over-year).
- 2016: Revenue of $3.8M, expenses of $3.7M, and assets of $3.5M (revenue +9.0% year-over-year).
- 2015: Revenue of $3.5M, expenses of $3.4M, and assets of $3.6M (revenue +0.8% year-over-year).
- 2014: Revenue of $3.5M, expenses of $3.5M, and assets of $3.5M (revenue +1.0% year-over-year).
- 2013: Revenue of $3.4M, expenses of $3.3M, and assets of $2.9M (revenue +2.7% year-over-year).
- 2012: Revenue of $3.3M, expenses of $3.4M, and assets of $3.0M (revenue +9.3% year-over-year).
- 2011: Revenue of $3.1M, expenses of $3.1M, and assets of $665K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Life Academy Of Excellence Inc:
Data Sources and Methodology
This transparency report for New Life Academy Of Excellence Inc 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.