New Life Ministries Of New England Inc
EIN: 42635070 · Manchester, NH
| Metric | Value |
|---|---|
| Total Revenue | $614K |
| Total Expenses | $677K |
| Net Assets | $449K |
Is New Life Ministries Of New England 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 Ministries Of New England Inc
New Life Ministries Of New England Inc (EIN: 42635070) is a nonprofit organization based in Manchester, NH. The organization reported total revenue of $614K and total assets of $630K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Life Ministries Of New England Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Life Ministries Of New England Inc is a small nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $714K |
| Total Expenses | $677K |
| Surplus / Deficit | +$38K |
| Total Assets | $714K |
| Total Liabilities | $265K |
| Net Assets | $449K |
| Operating Margin | 5.3% |
| Debt-to-Asset Ratio | 37.1% |
| Months of Reserves | 12.7 months |
Financial Health Grade: A
In 2023, New Life Ministries Of New England Inc reported a surplus of $38K with revenue exceeding expenses, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 37.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Life Ministries Of New England Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.8% | -6.4% | +7.3% |
| 2022 | -22.5% | -24.9% | -23.3% |
| 2021 | +35.9% | +36.2% | -1.6% |
| 2020 | +49.2% | +14.1% | +25.3% |
| 2019 | -19.5% | -6.2% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Life Ministries Of New England 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 Ministries Of New England 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 $38K, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.1%.
Frequently Asked Questions about New Life Ministries Of New England Inc
Is New Life Ministries Of New England Inc a legitimate charity?
New Life Ministries Of New England Inc (EIN: 42635070) is a registered tax-exempt nonprofit based in New Hampshire. It has 13 years of IRS 990 filings on record. Total revenue: $614K. No red flags identified. Financial health grade: A.
How does New Life Ministries Of New England Inc spend its money?
New Life Ministries Of New England Inc reported $614K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Life Ministries Of New England Inc tax-deductible?
New Life Ministries Of New England Inc is registered as a tax-exempt nonprofit (EIN: 42635070). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Life Ministries Of New England Inc located?
New Life Ministries Of New England Inc is headquartered in Manchester, New Hampshire and files with the IRS under EIN 42635070.
How many years of IRS 990 filings does New Life Ministries Of New England Inc have?
New Life Ministries Of New England 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 $614K in total revenue.
Filing History
IRS 990 filing history for New Life Ministries Of New England Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Life Ministries Of New England Inc's revenue has grown by 70.4%, moving from $419K to $714K. Total assets increased by 48.5% over the same period, from $481K to $714K. Total functional expenses rose by 75.4%, from $386K to $677K. In its most recent filing year (2023), New Life Ministries Of New England Inc reported a surplus of $38K, with revenue exceeding expenses. The organization holds $265K in liabilities against $714K in assets (debt-to-asset ratio: 37.1%), resulting in net assets of $449K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $714K | $677K | $714K | $265K | — | View 990 |
| 2022 | $766K | $723K | $665K | $260K | — | View 990 |
| 2021 | $989K | $962K | $868K | $505K | — | View 990 |
| 2020 | $728K | $706K | $881K | $546K | — | — |
| 2019 | $488K | $619K | $704K | $390K | — | View 990 |
| 2018 | $606K | $660K | $734K | $321K | — | View 990 |
| 2017 | $683K | $693K | $793K | $308K | — | View 990 |
| 2016 | $758K | $611K | $806K | $322K | — | View 990 |
| 2015 | $584K | $621K | $379K | $43K | — | View 990 |
| 2014 | $621K | $643K | $420K | $47K | — | View 990 |
| 2013 | $574K | $565K | $471K | $35K | — | View 990 |
| 2012 | $486K | $508K | $465K | $39K | — | View 990 |
| 2011 | $419K | $386K | $481K | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $714K, expenses of $677K, and assets of $714K (revenue -6.8% year-over-year).
- 2022: Revenue of $766K, expenses of $723K, and assets of $665K (revenue -22.5% year-over-year).
- 2021: Revenue of $989K, expenses of $962K, and assets of $868K (revenue +35.9% year-over-year).
- 2020: Revenue of $728K, expenses of $706K, and assets of $881K (revenue +49.2% year-over-year).
- 2019: Revenue of $488K, expenses of $619K, and assets of $704K (revenue -19.5% year-over-year).
- 2018: Revenue of $606K, expenses of $660K, and assets of $734K (revenue -11.2% year-over-year).
- 2017: Revenue of $683K, expenses of $693K, and assets of $793K (revenue -10.0% year-over-year).
- 2016: Revenue of $758K, expenses of $611K, and assets of $806K (revenue +29.8% year-over-year).
- 2015: Revenue of $584K, expenses of $621K, and assets of $379K (revenue -5.9% year-over-year).
- 2014: Revenue of $621K, expenses of $643K, and assets of $420K (revenue +8.1% year-over-year).
- 2013: Revenue of $574K, expenses of $565K, and assets of $471K (revenue +18.2% year-over-year).
- 2012: Revenue of $486K, expenses of $508K, and assets of $465K (revenue +15.9% year-over-year).
- 2011: Revenue of $419K, expenses of $386K, and assets of $481K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Life Ministries Of New England Inc:
Data Sources and Methodology
This transparency report for New Life Ministries Of New England 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.