New Life Project

New Life Project consistently operates with no reported officer compensation and maintains low liabilities.

EIN: 200736981 · Lebanon, MO · NTEE: I31 · Updated: 2026-03-28

$100KRevenue

$69KAssets

90/100Mission Score (Excellent)

I31

About New Life Project

New Life Project (EIN: 200736981) is a nonprofit organization based in Lebanon, MO, classified under NTEE code I31. The organization reported total revenue of $100K and total assets of $69K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Life Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

New Life Project demonstrates consistent financial activity, with revenues fluctuating but generally in the range of $50,000 to $100,000 annually. In the latest period (202312), the organization reported revenues of $78,307 against expenses of $70,325, indicating a surplus. Assets have shown modest growth over time, reaching $70,990 in 2023, while liabilities remain low, suggesting good financial stability. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which indicates a volunteer-led or very lean administrative structure, contributing positively to spending efficiency.

The organization's spending efficiency appears strong, particularly given the absence of reported officer compensation. This suggests that a significant portion of its expenses is likely directed towards its programs. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall financial picture points to an organization that manages its resources prudently. The consistent filing of IRS Form 990s over many years also indicates a commitment to transparency, allowing public scrutiny of its financial operations.

Overall, New Life Project appears to be a financially stable and efficiently run small nonprofit. Its consistent operation, low liabilities, and lack of executive compensation are positive indicators. Further analysis would benefit from a detailed breakdown of expenses to confirm program spending ratios, but the available data suggests a healthy financial profile for an organization of its size.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New Life Project with a Mission Score of 90 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, New Life Project 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization or one with extremely low administrative overhead, which is highly favorable for a nonprofit of its size.

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.

Strengths

The following positive indicators were identified for New Life Project:

Consistent 0% officer compensation, indicating high efficiency and volunteer leadership.
Low liabilities relative to assets (e.g., $2,040 liabilities vs. $70,990 assets in 2023), demonstrating financial stability.
Consistent filing of IRS Form 990s over many years, showing commitment to transparency.
Revenues generally cover expenses, indicating sustainable operations (e.g., $78,307 revenue vs. $70,325 expenses in 2023).

Frequently Asked Questions about New Life Project

Is New Life Project a good charity?

Based on the available financial data, New Life Project appears to be a good charity. It consistently reports 0% officer compensation, maintains low liabilities, and has a history of regular IRS 990 filings, all pointing to strong financial management and transparency.

How does New Life Project manage its finances?

New Life Project manages its finances prudently, consistently operating with low liabilities (e.g., $2,040 in 2023) and no reported officer compensation. Its revenues generally cover expenses, as seen in 2023 where revenue was $78,307 and expenses were $70,325.

What is the trend in New Life Project's revenue and expenses?

New Life Project's revenue and expenses have fluctuated over the years, but generally remain within a similar range. For example, revenue was $95,617 in 2022 and $78,307 in 2023, while expenses were $87,909 and $70,325 respectively, showing consistent operational activity.

Does New Life Project have high administrative costs?

Based on the 0% officer compensation reported across all filings, New Life Project likely has very low administrative costs, especially concerning executive salaries, which is a strong indicator of efficient spending.

Filing History

IRS 990 filing history for New Life Project showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2011–2023), New Life Project's revenue has grown by 125.2%, moving from $35K to $78K. Total assets increased by 73.8% over the same period, from $41K to $71K. Total functional expenses rose by 62.1%, from $43K to $70K. In its most recent filing year (2023), New Life Project reported a surplus of $8K, with revenue exceeding expenses. The organization holds $2K in liabilities against $71K in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $69K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$78K	$70K	$71K	$2K	—	View 990
2022	$96K	$88K	$62K	$922	—	View 990
2021	$54K	$82K	$56K	$2K	—	View 990
2020	$65K	$55K	$84K	$3K	—	View 990
2019	$66K	$64K	$73K	$3K	—	View 990
2018	$65K	$54K	$70K	$2K	—	View 990
2015	$43K	$60K	$54K	$963	—	View 990
2014	$58K	$44K	$72K	$1K	—	View 990
2013	$48K	$46K	$58K	$2K	—	View 990
2012	$70K	$46K	$56K	$1K	—	View 990
2011	$35K	$43K	$41K	$10K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $78K, expenses of $70K, and assets of $71K (revenue -18.1% year-over-year).
2022: Revenue of $96K, expenses of $88K, and assets of $62K (revenue +75.9% year-over-year).
2021: Revenue of $54K, expenses of $82K, and assets of $56K (revenue -16.0% year-over-year).
2020: Revenue of $65K, expenses of $55K, and assets of $84K (revenue -2.5% year-over-year).
2019: Revenue of $66K, expenses of $64K, and assets of $73K (revenue +2.2% year-over-year).
2018: Revenue of $65K, expenses of $54K, and assets of $70K (revenue +51.1% year-over-year).
2015: Revenue of $43K, expenses of $60K, and assets of $54K (revenue -25.8% year-over-year).
2014: Revenue of $58K, expenses of $44K, and assets of $72K (revenue +21.1% year-over-year).
2013: Revenue of $48K, expenses of $46K, and assets of $58K (revenue -31.5% year-over-year).
2012: Revenue of $70K, expenses of $46K, and assets of $56K (revenue +100.9% year-over-year).
2011: Revenue of $35K, expenses of $43K, and assets of $41K.

Data Sources and Methodology

This transparency report for New Life Project 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.