New Life Centers Of Chicagoland Nfp
New Life Centers Of Chicagoland Nfp experiences rapid revenue and asset growth with no reported officer compensation.
EIN: 202380358 · Chicago, IL · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $34.5M |
| Total Expenses | $18.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $34 |
| Net Assets | $5.4M |
| Transparency Score | 92/100 |
Is New Life Centers Of Chicagoland Nfp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Life Centers Of Chicagoland Nfp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Life Centers Of Chicagoland Nfp
New Life Centers Of Chicagoland Nfp (EIN: 202380358) is a nonprofit organization based in Chicago, IL, classified under NTEE code O50. The organization reported total revenue of $34.5M and total assets of $11.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Life Centers Of Chicagoland Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Life Centers Of Chicagoland Nfp is a large nonprofit that has been operating for 21 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 46.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.5M |
| Total Expenses | $18.8M |
| Surplus / Deficit | +$1.7M |
| Total Assets | $8.3M |
| Total Liabilities | $2.9M |
| Net Assets | $5.4M |
| Operating Margin | 8.1% |
| Debt-to-Asset Ratio | 34.9% |
| Months of Reserves | 5.3 months |
Financial Health Grade: A
In 2023, New Life Centers Of Chicagoland Nfp reported a surplus of $1.7M with revenue exceeding expenses, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 34.9% (moderate leverage).
Financial Trends
Over 8 years of filings (2016–2023), New Life Centers Of Chicagoland Nfp's revenue has grown at a compound annual growth rate (CAGR) of 46.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.2% | +31.9% | +118.7% |
| 2022 | -44.9% | -44.2% | +12.0% |
| 2021 | +80.4% | +80.9% | +33.5% |
| 2020 | +428.0% | +383.3% | +184.0% |
| 2019 | +8.1% | +15.5% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2005 |
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 Centers Of Chicagoland Nfp with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, New Life Centers Of Chicagoland Nfp allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 34.9%.
Executive Compensation Analysis
Executive compensation is 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 $34 million, and suggests a strong commitment to directing funds towards program services.
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 Centers Of Chicagoland Nfp's IRS 990 filings:
- Unusually low or 0% reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or through related entities, warranting further investigation for full transparency.
Strengths
The following positive indicators were identified for New Life Centers Of Chicagoland Nfp:
- Exceptional revenue growth, increasing from $1.3M in 2016 to over $34M currently.
- Strong asset accumulation, growing from $533K in 2016 to $11.6M currently.
- Consistent reporting of 0% officer compensation, suggesting high dedication of funds to mission.
- Healthy financial position with assets significantly exceeding liabilities.
- Consistent spending of a high proportion of revenue on program services, as indicated by close revenue-to-expense ratios.
Frequently Asked Questions about New Life Centers Of Chicagoland Nfp
Is New Life Centers Of Chicagoland Nfp a legitimate charity?
New Life Centers Of Chicagoland Nfp (EIN: 202380358) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 92/100. It has 8 years of IRS 990 filings on record. Total revenue: $34.5M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does New Life Centers Of Chicagoland Nfp spend its money?
New Life Centers Of Chicagoland Nfp directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to New Life Centers Of Chicagoland Nfp tax-deductible?
New Life Centers Of Chicagoland Nfp is registered as a tax-exempt nonprofit (EIN: 202380358). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Life Centers Of Chicagoland Nfp CEO make?
New Life Centers Of Chicagoland Nfp's highest-compensated officer earns $34 annually. The organization reported $34.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Life Centers Of Chicagoland Nfp's spending goes to programs?
New Life Centers Of Chicagoland Nfp directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Life Centers Of Chicagoland Nfp compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), New Life Centers Of Chicagoland Nfp is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Life Centers Of Chicagoland Nfp located?
New Life Centers Of Chicagoland Nfp is headquartered in Chicago, Illinois and files with the IRS under EIN 202380358. It is classified under NTEE code O50.
How many years of IRS 990 filings does New Life Centers Of Chicagoland Nfp have?
New Life Centers Of Chicagoland Nfp has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $34.5M in total revenue.
Is New Life Centers Of Chicagoland Nfp a good charity?
Based on the available IRS 990 data, New Life Centers Of Chicagoland Nfp appears to be a very good charity. It demonstrates strong financial growth, efficient spending with no reported officer compensation, and a healthy asset base.
How has the organization's revenue grown over time?
The organization has experienced significant revenue growth, increasing from $1,387,721 in 2016 to $20,504,808 in 2023, and a latest reported revenue of $34,468,554, indicating substantial expansion.
What is the organization's approach to executive compensation?
New Life Centers Of Chicagoland Nfp reports 0% officer compensation in all available filings, suggesting that executive leadership is either unpaid or compensated through other means not reported as officer compensation on the 990.
Are the organization's assets growing proportionally with its revenue?
Yes, the organization's assets have grown substantially, from $533,073 in 2016 to $11,648,432 currently, generally tracking the significant increase in revenue, indicating strong financial accumulation and stability.
What is the organization's financial stability based on its liabilities?
The organization appears financially stable. While liabilities have increased with growth, they remain a manageable proportion of assets (e.g., $2,889,438 liabilities against $8,286,660 assets in 2023), indicating good financial health.
Filing History
IRS 990 filing history for New Life Centers Of Chicagoland Nfp showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), New Life Centers Of Chicagoland Nfp's revenue has grown by 1377.6%, moving from $1.4M to $20.5M. Total assets increased by 1454.5% over the same period, from $533K to $8.3M. Total functional expenses rose by 1469.1%, from $1.2M to $18.8M. In its most recent filing year (2023), New Life Centers Of Chicagoland Nfp reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $2.9M in liabilities against $8.3M in assets (debt-to-asset ratio: 34.9%), resulting in net assets of $5.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.5M | $18.8M | $8.3M | $2.9M | — | View 990 |
| 2022 | $14.7M | $14.3M | $3.8M | $895K | — | — |
| 2021 | $26.7M | $25.6M | $3.4M | $933K | — | View 990 |
| 2020 | $14.8M | $14.1M | $2.5M | $1.2M | — | — |
| 2019 | $2.8M | $2.9M | $892K | $249K | — | View 990 |
| 2018 | $2.6M | $2.5M | $922K | $159K | — | View 990 |
| 2017 | $2.1M | $1.9M | $858K | $159K | — | — |
| 2016 | $1.4M | $1.2M | $533K | $26K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.5M, expenses of $18.8M, and assets of $8.3M (revenue +39.2% year-over-year).
- 2022: Revenue of $14.7M, expenses of $14.3M, and assets of $3.8M (revenue -44.9% year-over-year).
- 2021: Revenue of $26.7M, expenses of $25.6M, and assets of $3.4M (revenue +80.4% year-over-year).
- 2020: Revenue of $14.8M, expenses of $14.1M, and assets of $2.5M (revenue +428.0% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.9M, and assets of $892K (revenue +8.1% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.5M, and assets of $922K (revenue +24.2% year-over-year).
- 2017: Revenue of $2.1M, expenses of $1.9M, and assets of $858K (revenue +50.8% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.2M, and assets of $533K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Life Centers Of Chicagoland Nfp:
Data Sources and Methodology
This transparency report for New Life Centers Of Chicagoland Nfp 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.