New Life Baptist Church
Woburn, Massachusetts
B+Health Score
69B+
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Good
💰
$1.4M
Total Revenue
📊
$965K
Total Expenses
🏦
$1.9M
Net Assets
📋
$827K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
+10.8%
Year-over-year change (2022 → 2023)
Net Margin
+32.0%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.01
Net assets divided by total expenses
Liabilities-to-Assets
29.9%
Total liabilities as % of total assets
Filing History
14 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $1,418,724↑11% | $964,502↓8% | $2,764,533↑19% | |
| 2022 | $1,279,978↑17% | $1,044,425↑26% | $2,327,994↑12% | — |
| 2021 | $1,090,559↑28% | $828,377↑17% | $2,081,270↑10% | — |
| 2020 | $852,892↑2% | $705,109↑9% | $1,883,744 | — |
| 2019 | $833,123↑13% | $644,103↑15% | $0↓100% | — |
| 2018 | $736,268↑21% | $561,461↑1% | $623,027↑39% | — |
| 2017 | $610,384↓17% | $557,142↓1% | $448,108↑7% | — |
| 2016 | $736,964↑11% | $564,009↑1% | $418,831↑84% | — |
| 2015 | $666,309↑13% | $557,098↑4% | $227,905↑96% | — |
| 2014 | $590,977↓29% | $535,856↓37% | $116,554↑1% | — |
| 2013 | $837,495↓23% | $846,030↓22% | $115,148↓18% | — |
| 2012 | $1,092,182↑4% | $1,090,838↑3% | $140,014↑14001300% | — |
| 2011 | $1,051,784↓11% | $1,056,087↑3% | $1↓100% | — |
| 2010 | $1,176,960 | $1,028,221 | $153,048 | — |
Frequently Asked Questions
What does New Life Baptist Church do?▼
New Life Baptist Church is a religion-related nonprofit organization based in Massachusetts. It is classified under NTEE code X21 and is registered as a 501(c) tax-exempt organization with the IRS.
Is New Life Baptist Church financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for New Life Baptist Church.
How much revenue does New Life Baptist Church generate?▼
New Life Baptist Church reports $1.5M in annual revenue and holds $3.2M in total assets, based on IRS filings.
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