New Life Thrift Store
Byron Center, Michigan
B+Health Score
67B+
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Good
💰
$378K
Total Revenue
📊
$341K
Total Expenses
🏦
$874K
Net Assets
📋
$8K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
+6.3%
Year-over-year change (2022 → 2023)
Net Margin
+9.9%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.56
Net assets divided by total expenses
Liabilities-to-Assets
0.9%
Total liabilities as % of total assets
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $378,186↑6% | $340,933↓1% | $882,733↑4% | |
| 2022 | $355,880↓2% | $343,062↓7% | $850,507↓11% | — |
| 2021 | $362,556↑37% | $369,543↑83% | $957,741↑14% | — |
| 2020 | $264,810↓10% | $201,570↓1% | $842,756↓3% | — |
| 2019 | $293,770↑7% | $203,428↑2% | $864,738 | — |
| 2018 | $274,794↓11% | $198,732↓33% | $864,860↓2% | — |
| 2017 | $307,814↓15% | $296,021↑1% | $884,828↓4% | — |
| 2016 | $361,002↑4% | $293,276↓6% | $925,398↑2% | — |
| 2015 | $346,206↓6% | $311,157↓5% | $907,337↓1% | — |
| 2014 | $368,594↓6% | $328,394↓4% | $914,813↓2% | — |
| 2013 | $392,441↑7% | $343,800↑21% | $932,990↓6% | — |
| 2012 | $366,687↑6% | $285,303↓23% | $994,105↑2% | — |
| 2011 | $344,609 | $372,413 | $973,271 | — |
Frequently Asked Questions
What does New Life Thrift Store do?▼
New Life Thrift Store is a human services nonprofit organization based in Michigan. It is classified under NTEE code P29 and is registered as a 501(c) tax-exempt organization with the IRS.
Is New Life Thrift Store financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for New Life Thrift Store.
How much revenue does New Life Thrift Store generate?▼
New Life Thrift Store reports $402K in annual revenue and holds $1.0M in total assets, based on IRS filings.
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