New Life Mission
New Life Mission experiences declining revenue and assets, with expenses often exceeding income, but maintains 0% officer compensation.
EIN: 10451441 · Bangor, ME · NTEE: P50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $559K |
| Total Expenses | $566K |
| Program Spending | 85% |
| Net Assets | $444K |
| Transparency Score | 75/100 |
Is New Life Mission Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Life Mission directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Life Mission
New Life Mission (EIN: 10451441) is a nonprofit organization based in Bangor, ME, classified under NTEE code P50. The organization reported total revenue of $559K and total assets of $424K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Life Mission's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Life Mission is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $532K |
| Total Expenses | $566K |
| Surplus / Deficit | $-33,971 |
| Total Assets | $465K |
| Total Liabilities | $21K |
| Net Assets | $444K |
| Operating Margin | -6.4% |
| Debt-to-Asset Ratio | 4.5% |
| Months of Reserves | 9.9 months |
Financial Health Grade: B
In 2023, New Life Mission reported a deficit of $34K with expenses exceeding revenue, holds 9.9 months of operating reserves (strong position), has a debt-to-asset ratio of 4.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Life Mission's revenue has declined at a compound annual growth rate (CAGR) of -6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.0% | +3.3% | -11.0% |
| 2022 | +9.3% | -6.4% | -0.9% |
| 2021 | -15.5% | -2.5% | -14.2% |
| 2020 | -9.1% | -10.7% | -1.3% |
| 2019 | -5.0% | -2.8% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Mission with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New Life Mission allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.5%.
Executive Compensation Analysis
New Life Mission consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries. This is a highly positive sign for a nonprofit of its size, suggesting a strong commitment to directing resources towards its mission.
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 Mission's IRS 990 filings:
- Consistent decline in revenue over the past decade (from $886,251 in 2014 to $531,566 in 2023).
- Expenses frequently exceeding revenue in recent years (e.g., 2023, 2021, 2017, 2015, 2014), indicating potential operational deficits.
- Declining asset base over the past decade (from $697,726 in 2014 to $464,951 in 2023), which could impact long-term stability.
Strengths
The following positive indicators were identified for New Life Mission:
- Consistent 0% officer compensation across all filings, demonstrating strong financial transparency and mission focus.
- Significant reduction in liabilities over the past decade (from $199,138 in 2014 to $20,955 in 2023), indicating effective debt management.
- Long filing history (13 filings), suggesting consistent operation and compliance.
Frequently Asked Questions about New Life Mission
Is New Life Mission a legitimate charity?
Based on AI analysis of IRS 990 filings, New Life Mission (EIN: 10451441) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does New Life Mission spend its money?
New Life Mission directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Life Mission tax-deductible?
New Life Mission is registered as a tax-exempt nonprofit (EIN: 10451441). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Life Mission's spending goes to programs?
New Life Mission directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Life Mission compare to similar nonprofits?
With a transparency score of 75/100 (Good), New Life Mission is above average for NTEE category P50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Life Mission located?
New Life Mission is headquartered in Bangor, Maine and files with the IRS under EIN 10451441. It is classified under NTEE code P50.
How many years of IRS 990 filings does New Life Mission have?
New Life Mission 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 $559K in total revenue.
Is New Life Mission a good charity?
New Life Mission exhibits strong transparency regarding executive compensation, reporting 0% officer pay. However, its financial stability shows some concerns, with a trend of declining revenue and assets, and expenses frequently exceeding revenue in recent years (e.g., $565,537 expenses vs. $531,566 revenue in 2023). While liabilities have been significantly reduced, potential donors should consider the long-term sustainability of operations given these trends.
What is the trend in New Life Mission's revenue and expenses?
New Life Mission has experienced a declining trend in both revenue and expenses over the past decade. Revenue decreased from $886,251 in 2014 to $531,566 in 2023, and expenses decreased from $926,797 in 2014 to $565,537 in 2023. In several recent years, expenses have exceeded revenue.
How has New Life Mission's asset base changed?
The organization's assets have steadily declined from $697,726 in 2014 to $464,951 in 2023. This reduction in assets, coupled with expenses often exceeding revenue, suggests a potential draw-down on reserves.
What is the organization's approach to executive compensation?
New Life Mission has a highly commendable approach to executive compensation, consistently reporting 0% officer compensation in all available IRS 990 filings. This indicates that no funds are used for executive salaries, maximizing resources for its mission.
Filing History
IRS 990 filing history for New Life Mission showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Life Mission's revenue has declined by 52.5%, moving from $1.1M to $532K. Total assets decreased by 14.9% over the same period, from $546K to $465K. Total functional expenses fell by 46.3%, from $1.1M to $566K. In its most recent filing year (2023), New Life Mission reported a deficit of $34K, with expenses exceeding revenue. The organization holds $21K in liabilities against $465K in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $444K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $532K | $566K | $465K | $21K | — | — |
| 2022 | $566K | $548K | $522K | $45K | — | View 990 |
| 2021 | $517K | $585K | $527K | $67K | — | View 990 |
| 2020 | $612K | $600K | $614K | $87K | — | — |
| 2019 | $673K | $672K | $623K | $107K | — | View 990 |
| 2018 | $709K | $692K | $641K | $126K | — | View 990 |
| 2017 | $718K | $736K | $643K | $145K | — | View 990 |
| 2016 | $815K | $768K | $683K | $167K | — | View 990 |
| 2015 | $780K | $810K | $651K | $182K | — | View 990 |
| 2014 | $886K | $927K | $698K | $199K | — | View 990 |
| 2013 | $917K | $975K | $755K | $216K | — | View 990 |
| 2012 | $1.1M | $1.0M | $606K | $9K | — | View 990 |
| 2011 | $1.1M | $1.1M | $546K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $532K, expenses of $566K, and assets of $465K (revenue -6.0% year-over-year).
- 2022: Revenue of $566K, expenses of $548K, and assets of $522K (revenue +9.3% year-over-year).
- 2021: Revenue of $517K, expenses of $585K, and assets of $527K (revenue -15.5% year-over-year).
- 2020: Revenue of $612K, expenses of $600K, and assets of $614K (revenue -9.1% year-over-year).
- 2019: Revenue of $673K, expenses of $672K, and assets of $623K (revenue -5.0% year-over-year).
- 2018: Revenue of $709K, expenses of $692K, and assets of $641K (revenue -1.3% year-over-year).
- 2017: Revenue of $718K, expenses of $736K, and assets of $643K (revenue -11.9% year-over-year).
- 2016: Revenue of $815K, expenses of $768K, and assets of $683K (revenue +4.4% year-over-year).
- 2015: Revenue of $780K, expenses of $810K, and assets of $651K (revenue -11.9% year-over-year).
- 2014: Revenue of $886K, expenses of $927K, and assets of $698K (revenue -3.3% year-over-year).
- 2013: Revenue of $917K, expenses of $975K, and assets of $755K (revenue -16.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.0M, and assets of $606K (revenue -1.9% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $546K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Life Mission:
Data Sources and Methodology
This transparency report for New Life Mission 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.