New Life Ministries
New Life Ministries: Consistent Revenue, Declining Assets, and High Liabilities
EIN: 222651029 · Camden, DE · Updated: 2026-04-04
Is New Life Ministries Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Life Ministries
New Life Ministries (EIN: 222651029) is a nonprofit organization based in Camden, DE. The organization reported total revenue of $220K and total assets of $852K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Life Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Life Ministries is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $228K |
| Total Expenses | $165K |
| Surplus / Deficit | +$62K |
| Total Assets | $844K |
| Total Liabilities | $468K |
| Net Assets | $377K |
| Operating Margin | 27.4% |
| Debt-to-Asset Ratio | 55.4% |
| Months of Reserves | 61.3 months |
Financial Health Grade: A
In 2023, New Life Ministries reported a surplus of $62K with revenue exceeding expenses, holds 61.3 months of operating reserves (strong position), has a debt-to-asset ratio of 55.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Life Ministries's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.0% | -1.6% | +1.7% |
| 2022 | -20.8% | -3.3% | -6.1% |
| 2021 | +4.4% | +12.7% | -0.4% |
| 2020 | +14.7% | -17.7% | +0.7% |
| 2019 | -6.0% | +9.7% | -5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Ministries with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, New Life Ministries allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $62K, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.4%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which warrants further investigation to understand how leadership is compensated or if services are entirely volunteer-based.
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 Ministries's IRS 990 filings:
- Consistent reporting of $0 for officer, director, trustee, and key employee compensation raises questions about the true operational structure and potential for undisclosed benefits.
- The organization consistently reports $0 in program service expenses, indicating that all reported expenses are administrative or fundraising in nature, which is highly unusual for a nonprofit.
- Liabilities have consistently been high relative to assets, with liabilities at $467,878 and assets at $844,454 in 2023, suggesting potential financial instability or significant debt.
- Net assets have been steadily declining from $981,844 in 2016 to $844,454 in 2023, indicating a long-term trend of asset depletion.
Strengths
The following positive indicators were identified for New Life Ministries:
- The organization has maintained a relatively consistent revenue stream over the past several years, ranging from $163,766 to $227,586.
- Total expenses have remained relatively stable, suggesting consistent operational costs.
Frequently Asked Questions about New Life Ministries
Is New Life Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, New Life Ministries (EIN: 222651029) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does New Life Ministries spend its money?
Detailed spending breakdown data is not yet available for New Life Ministries. Check back for updated IRS 990 analysis.
Are donations to New Life Ministries tax-deductible?
New Life Ministries is registered as a tax-exempt nonprofit (EIN: 222651029). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does New Life Ministries do?
New Life Ministries is a nonprofit organization in the Unknown sector, located in Camden, Delaware. It is classified under NTEE code Unknown.
How much revenue does New Life Ministries have?
New Life Ministries reported total revenue of $219,617. Based on 13 IRS 990 filings on record.
What are New Life Ministries's total assets?
New Life Ministries holds total assets of $852,177 as reported in IRS 990 filings.
Where is New Life Ministries located?
New Life Ministries is based in Camden, Delaware.
What is New Life Ministries's EIN?
New Life Ministries's Employer Identification Number (EIN) is 222651029. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Life Ministries?
New Life Ministries is classified under NTEE code Unknown (Unknown).
Is New Life Ministries a registered 501(c)(3)?
New Life Ministries appears in IRS records (EIN: 222651029). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Life Ministries file IRS Form 990?
Yes, New Life Ministries has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Life Ministries's revenue in 2023?
In the 202312 filing period, New Life Ministries reported total revenue of $227,586, total expenses of $165,321, and net assets of $844,454.
Is New Life Ministries's revenue growing or declining?
New Life Ministries's revenue is growing. Revenue went from $163,766 (202212) to $227,586 (202312), a +39.0% change. Based on 13 filings on record.
What is New Life Ministries's most recent 990 filing?
The most recent IRS Form 990 filing for New Life Ministries covers tax period 202312. It shows revenue of $227,586, expenses of $165,321, total assets of $844,454, and liabilities of $467,878.
Is New Life Ministries a trustworthy charity?
Based on AI analysis of IRS 990 data, New Life Ministries shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 2 strengths noted.
What are the red flags for New Life Ministries?
The following concerns were identified: Consistent reporting of $0 for officer, director, trustee, and key employee compensation raises questions about the true operational structure and potential for undisclosed benefits.. The organization consistently reports $0 in program service expenses, indicating that all reported expenses are administrative or fundraising in nature, which is highly unusual for a nonprofit.. Liabilities have consistently been high relative to assets, with liabilities at $467,878 and assets at $844,454 in 2023, suggesting potential financial instability or significant debt.. Net assets have been steadily declining from $981,844 in 2016 to $844,454 in 2023, indicating a long-term trend of asset depletion.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Life Ministries's strengths?
Positive indicators for New Life Ministries include: The organization has maintained a relatively consistent revenue stream over the past several years, ranging from $163,766 to $227,586.. Total expenses have remained relatively stable, suggesting consistent operational costs.. These findings are derived from AI analysis of the organization's financial filings.
How does New Life Ministries compensate executives?
Executive compensation is reported as $0 across all available filings, which warrants further investigation to understand how leadership is compensated or if services are entirely volunteer-based. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for program service expenses, what specific activities or services does New Life Ministries provide to fulfill its mission, and how are these activities funded if not through direct program expenditures?
The filings do not detail specific program activities or how they are funded. The consistent reporting of $0 for program service expenses suggests that either the organization's mission is fulfilled through entirely administrative means, or there is a lack of transparency in how program-related costs are categorized and reported.
With executive compensation consistently reported as $0, how does the organization attract and retain leadership, and what is the underlying operational model that supports this compensation structure?
The consistent $0 executive compensation suggests a fully volunteer-led model or that compensation is provided through non-traditional means not disclosed in the standard compensation sections of the filings. This warrants further inquiry into the organization's governance and operational structure.
Filing History
IRS 990 filing history for New Life Ministries showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Life Ministries's revenue has declined by 25.6%, moving from $306K to $228K. Total assets decreased by 30% over the same period, from $1.2M to $844K. Total functional expenses fell by 38.9%, from $270K to $165K. In its most recent filing year (2023), New Life Ministries reported a surplus of $62K, with revenue exceeding expenses. The organization holds $468K in liabilities against $844K in assets (debt-to-asset ratio: 55.4%), resulting in net assets of $377K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $228K | $165K | $844K | $468K | — | View 990 |
| 2022 | $164K | $168K | $830K | $516K | — | View 990 |
| 2021 | $207K | $174K | $884K | $565K | — | View 990 |
| 2020 | $198K | $154K | $887K | $602K | — | — |
| 2019 | $173K | $187K | $881K | $639K | — | View 990 |
| 2018 | $184K | $171K | $931K | $674K | — | View 990 |
| 2017 | $188K | $187K | $951K | $707K | — | View 990 |
| 2016 | $180K | $203K | $982K | $738K | — | View 990 |
| 2015 | $187K | $240K | $1.0M | $768K | — | View 990 |
| 2014 | $206K | $253K | $1.1M | $803K | — | View 990 |
| 2013 | $274K | $261K | $1.2M | $834K | — | View 990 |
| 2012 | $305K | $265K | $1.2M | $864K | — | View 990 |
| 2011 | $306K | $270K | $1.2M | $892K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $228K, expenses of $165K, and assets of $844K (revenue +39.0% year-over-year).
- 2022: Revenue of $164K, expenses of $168K, and assets of $830K (revenue -20.8% year-over-year).
- 2021: Revenue of $207K, expenses of $174K, and assets of $884K (revenue +4.4% year-over-year).
- 2020: Revenue of $198K, expenses of $154K, and assets of $887K (revenue +14.7% year-over-year).
- 2019: Revenue of $173K, expenses of $187K, and assets of $881K (revenue -6.0% year-over-year).
- 2018: Revenue of $184K, expenses of $171K, and assets of $931K (revenue -2.1% year-over-year).
- 2017: Revenue of $188K, expenses of $187K, and assets of $951K (revenue +4.4% year-over-year).
- 2016: Revenue of $180K, expenses of $203K, and assets of $982K (revenue -3.8% year-over-year).
- 2015: Revenue of $187K, expenses of $240K, and assets of $1.0M (revenue -9.6% year-over-year).
- 2014: Revenue of $206K, expenses of $253K, and assets of $1.1M (revenue -24.7% year-over-year).
- 2013: Revenue of $274K, expenses of $261K, and assets of $1.2M (revenue -10.1% year-over-year).
- 2012: Revenue of $305K, expenses of $265K, and assets of $1.2M (revenue -0.4% year-over-year).
- 2011: Revenue of $306K, expenses of $270K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Life Ministries:
Data Sources and Methodology
This transparency report for New Life Ministries 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.