New Life Adoptions
EIN: 760135731 · Tomball, TX
Is New Life Adoptions Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Life Adoptions
New Life Adoptions (EIN: 760135731) is a nonprofit organization based in Tomball, TX. The organization reported total revenue of $891K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Life Adoptions's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Life Adoptions is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $820K |
| Total Expenses | $636K |
| Surplus / Deficit | +$184K |
| Total Assets | $2.0M |
| Total Liabilities | $224K |
| Net Assets | $1.8M |
| Operating Margin | 22.4% |
| Debt-to-Asset Ratio | 11.2% |
| Months of Reserves | 37.7 months |
Financial Health Grade: A
In 2023, New Life Adoptions reported a surplus of $184K with revenue exceeding expenses, holds 37.7 months of operating reserves (strong position), has a debt-to-asset ratio of 11.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Life Adoptions's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.9% | +9.9% | +16.1% |
| 2022 | -3.8% | +25.6% | +4.6% |
| 2021 | +50.3% | +1.5% | +8.3% |
| 2020 | -28.3% | +15.7% | +1.3% |
| 2019 | +38.1% | -12.9% | +32.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Life Adoptions 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 Life Adoptions 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $184K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.2%.
Frequently Asked Questions about New Life Adoptions
Is New Life Adoptions a legitimate charity?
Based on AI analysis of IRS 990 filings, New Life Adoptions (EIN: 760135731) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Life Adoptions spend its money?
Detailed spending breakdown data is not yet available for New Life Adoptions. Check back for updated IRS 990 analysis.
Are donations to New Life Adoptions tax-deductible?
New Life Adoptions is registered as a tax-exempt nonprofit (EIN: 760135731). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for New Life Adoptions showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Life Adoptions's revenue has grown by 153.7%, moving from $323K to $820K. Total assets increased by 761.8% over the same period, from $232K to $2.0M. Total functional expenses rose by 66.9%, from $381K to $636K. In its most recent filing year (2023), New Life Adoptions reported a surplus of $184K, with revenue exceeding expenses. The organization holds $224K in liabilities against $2.0M in assets (debt-to-asset ratio: 11.2%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $820K | $636K | $2.0M | $224K | — | — |
| 2022 | $646K | $578K | $1.7M | $142K | — | — |
| 2021 | $671K | $461K | $1.6M | $134K | — | View 990 |
| 2020 | $446K | $454K | $1.5M | $218K | — | — |
| 2019 | $623K | $392K | $1.5M | $191K | — | View 990 |
| 2018 | $451K | $451K | $1.1M | $53K | — | View 990 |
| 2017 | $503K | $513K | $1.2M | $145K | — | View 990 |
| 2016 | $647K | $361K | $1.2M | $115K | — | View 990 |
| 2015 | $535K | $306K | $890K | $71K | — | View 990 |
| 2014 | $536K | $341K | $717K | $126K | — | View 990 |
| 2013 | $469K | $360K | $434K | $39K | — | View 990 |
| 2012 | $573K | $321K | $364K | $38K | — | View 990 |
| 2011 | $323K | $381K | $232K | $169K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $820K, expenses of $636K, and assets of $2.0M (revenue +26.9% year-over-year).
- 2022: Revenue of $646K, expenses of $578K, and assets of $1.7M (revenue -3.8% year-over-year).
- 2021: Revenue of $671K, expenses of $461K, and assets of $1.6M (revenue +50.3% year-over-year).
- 2020: Revenue of $446K, expenses of $454K, and assets of $1.5M (revenue -28.3% year-over-year).
- 2019: Revenue of $623K, expenses of $392K, and assets of $1.5M (revenue +38.1% year-over-year).
- 2018: Revenue of $451K, expenses of $451K, and assets of $1.1M (revenue -10.3% year-over-year).
- 2017: Revenue of $503K, expenses of $513K, and assets of $1.2M (revenue -22.4% year-over-year).
- 2016: Revenue of $647K, expenses of $361K, and assets of $1.2M (revenue +21.1% year-over-year).
- 2015: Revenue of $535K, expenses of $306K, and assets of $890K (revenue -0.3% year-over-year).
- 2014: Revenue of $536K, expenses of $341K, and assets of $717K (revenue +14.2% year-over-year).
- 2013: Revenue of $469K, expenses of $360K, and assets of $434K (revenue -18.1% year-over-year).
- 2012: Revenue of $573K, expenses of $321K, and assets of $364K (revenue +77.4% year-over-year).
- 2011: Revenue of $323K, expenses of $381K, and assets of $232K.
Data Sources and Methodology
This transparency report for New Life Adoptions 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.