New Life Thrift Inc
EIN: 274526837 · Glenside, PA · NTEE: T50
Is New Life Thrift 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 Thrift Inc
New Life Thrift Inc (EIN: 274526837) is a nonprofit organization based in Glenside, PA, classified under NTEE code T50. The organization reported total revenue of $2.4M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Life Thrift Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for New Life Thrift 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 Thrift 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.
Frequently Asked Questions about New Life Thrift Inc
Is New Life Thrift Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Life Thrift Inc (EIN: 274526837) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Life Thrift Inc spend its money?
Detailed spending breakdown data is not yet available for New Life Thrift Inc. Check back for updated IRS 990 analysis.
Are donations to New Life Thrift Inc tax-deductible?
New Life Thrift Inc is registered as a tax-exempt nonprofit (EIN: 274526837). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for New Life Thrift Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Life Thrift Inc's revenue has grown by 323.4%, moving from $579K to $2.5M. Total assets increased by 526.2% over the same period, from $497K to $3.1M. Total functional expenses rose by 377.1%, from $504K to $2.4M. In its most recent filing year (2023), New Life Thrift Inc reported a surplus of $47K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $3.1M in assets (debt-to-asset ratio: 41.2%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.4M | $3.1M | $1.3M | — | — |
| 2022 | $2.8M | $2.2M | $3.1M | $1.3M | — | View 990 |
| 2021 | $2.2M | $1.9M | $1.7M | $600K | — | View 990 |
| 2020 | $1.6M | $1.6M | $1.2M | $371K | — | View 990 |
| 2019 | $1.9M | $1.9M | $1.1M | $235K | — | View 990 |
| 2018 | $1.7M | $1.6M | $1.1M | $255K | — | View 990 |
| 2017 | $1.6M | $1.7M | $1.0M | $268K | — | View 990 |
| 2016 | $1.7M | $1.8M | $1.2M | $288K | — | View 990 |
| 2015 | $1.6M | $1.5M | $1.3M | $346K | — | View 990 |
| 2014 | $1.4M | $1.3M | $860K | $9K | — | View 990 |
| 2013 | $1.5M | $1.3M | $731K | $11K | — | View 990 |
| 2012 | $1.3M | $1.3M | $569K | $9K | — | View 990 |
| 2011 | $579K | $504K | $497K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.4M, and assets of $3.1M (revenue -12.4% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.2M, and assets of $3.1M (revenue +28.2% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.9M, and assets of $1.7M (revenue +36.9% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.6M, and assets of $1.2M (revenue -18.0% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.9M, and assets of $1.1M (revenue +11.3% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.6M, and assets of $1.1M (revenue +9.8% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.7M, and assets of $1.0M (revenue -5.2% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.8M, and assets of $1.2M (revenue +2.6% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.5M, and assets of $1.3M (revenue +13.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $860K (revenue -1.2% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.3M, and assets of $731K (revenue +8.2% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $569K (revenue +131.7% year-over-year).
- 2011: Revenue of $579K, expenses of $504K, and assets of $497K.
Data Sources and Methodology
This transparency report for New Life Thrift 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.