New Life Counseling Inc
EIN: 721005509 · Lake Charles, LA · NTEE: P40
| Metric | Value |
|---|---|
| Total Revenue | $431K |
| Total Expenses | $471K |
| Net Assets | $1.6M |
Is New Life Counseling Inc 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 Counseling Inc
New Life Counseling Inc (EIN: 721005509) is a nonprofit organization based in Lake Charles, LA, classified under NTEE code P40. The organization reported total revenue of $431K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Life Counseling Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Life Counseling Inc is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $477K |
| Total Expenses | $471K |
| Surplus / Deficit | +$6K |
| Total Assets | $1.6M |
| Net Assets | $1.6M |
| Operating Margin | 1.3% |
| Months of Reserves | 40.2 months |
Financial Health Grade: A
In 2023, New Life Counseling Inc reported a surplus of $6K with revenue exceeding expenses, holds 40.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), New Life Counseling Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.9% | -3.7% | +0.4% |
| 2022 | +6.1% | +93.8% | +6.2% |
| 2021 | +117.0% | +12.5% | +21.4% |
| 2020 | -27.0% | +1.5% | +5.3% |
| 2019 | -3.5% | +6.0% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Life Counseling Inc 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 Counseling Inc 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 $6K, with revenue exceeding expenses.
Frequently Asked Questions about New Life Counseling Inc
Is New Life Counseling Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Life Counseling Inc (EIN: 721005509) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Life Counseling Inc spend its money?
Detailed spending breakdown data is not yet available for New Life Counseling Inc. Check back for updated IRS 990 analysis.
Are donations to New Life Counseling Inc tax-deductible?
New Life Counseling Inc is registered as a tax-exempt nonprofit (EIN: 721005509). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Life Counseling Inc located?
New Life Counseling Inc is headquartered in Lake Charles, Louisiana and files with the IRS under EIN 721005509. It is classified under NTEE code P40.
How many years of IRS 990 filings does New Life Counseling Inc have?
New Life Counseling Inc has 13 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 $431K in total revenue.
Filing History
IRS 990 filing history for New Life Counseling Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Life Counseling Inc's revenue has grown by 207.1%, moving from $155K to $477K. Total assets increased by 430.1% over the same period, from $297K to $1.6M. Total functional expenses rose by 270.2%, from $127K to $471K. In its most recent filing year (2023), New Life Counseling Inc reported a surplus of $6K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $477K | $471K | $1.6M | $0 | — | — |
| 2022 | $581K | $489K | $1.6M | $0 | — | View 990 |
| 2021 | $547K | $252K | $1.5M | $0 | — | View 990 |
| 2020 | $252K | $224K | $1.2M | $34K | — | — |
| 2019 | $345K | $221K | $1.2M | $613 | — | View 990 |
| 2018 | $358K | $208K | $1.2M | $162K | — | View 990 |
| 2017 | $255K | $202K | $1.1M | $173K | — | View 990 |
| 2016 | $600K | $206K | $1.0M | $182K | — | View 990 |
| 2015 | $236K | $151K | $502K | $67K | — | View 990 |
| 2014 | $166K | $127K | $425K | $75K | — | View 990 |
| 2013 | $203K | $135K | $391K | $80K | — | View 990 |
| 2012 | $181K | $143K | $328K | $85K | — | View 990 |
| 2011 | $155K | $127K | $297K | $92K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $477K, expenses of $471K, and assets of $1.6M (revenue -17.9% year-over-year).
- 2022: Revenue of $581K, expenses of $489K, and assets of $1.6M (revenue +6.1% year-over-year).
- 2021: Revenue of $547K, expenses of $252K, and assets of $1.5M (revenue +117.0% year-over-year).
- 2020: Revenue of $252K, expenses of $224K, and assets of $1.2M (revenue -27.0% year-over-year).
- 2019: Revenue of $345K, expenses of $221K, and assets of $1.2M (revenue -3.5% year-over-year).
- 2018: Revenue of $358K, expenses of $208K, and assets of $1.2M (revenue +40.2% year-over-year).
- 2017: Revenue of $255K, expenses of $202K, and assets of $1.1M (revenue -57.5% year-over-year).
- 2016: Revenue of $600K, expenses of $206K, and assets of $1.0M (revenue +153.9% year-over-year).
- 2015: Revenue of $236K, expenses of $151K, and assets of $502K (revenue +42.0% year-over-year).
- 2014: Revenue of $166K, expenses of $127K, and assets of $425K (revenue -18.0% year-over-year).
- 2013: Revenue of $203K, expenses of $135K, and assets of $391K (revenue +12.0% year-over-year).
- 2012: Revenue of $181K, expenses of $143K, and assets of $328K (revenue +16.6% year-over-year).
- 2011: Revenue of $155K, expenses of $127K, and assets of $297K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Life Counseling Inc:
Data Sources and Methodology
This transparency report for New Life Counseling 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.