New Life Ministries
Richardson, Texas
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Below Average
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $8,521,699↑3% | $8,683,693↓7% | $1,727,352↓26% | — |
| 2022 | $8,273,380↓2% | $9,368,323↑22% | $2,337,748↑19% | — |
| 2021 | $8,402,272↑2% | $7,707,051↑15% | $1,971,795↑43% | — |
| 2020 | $8,272,518↑5% | $6,673,809↓15% | $1,376,061↑70% | — |
| 2019 | $7,875,114↑4% | $7,848,785↑2% | $811,456↓10% | — |
| 2018 | $7,583,964↑1% | $7,695,203↑1% | $899,395↓3% | — |
| 2017 | $7,515,465↓4% | $7,629,878↓4% | $925,377↓4% | — |
| 2016 | $7,853,534↑3% | $7,979,097↑2% | $964,668↑32% | — |
| 2015 | $7,620,252↑2% | $7,794,827↑3% | $732,539↑15% | — |
| 2014 | $7,448,624↑2% | $7,557,267↑3% | $639,697↓30% | — |
| 2013 | $7,314,775↓4% | $7,346,593↑6% | $919,441↑52% | — |
| 2012 | $7,650,846↓4% | $6,945,629↓5% | $605,288↓1% | — |
| 2011 | $7,934,303 | $7,307,126 | $609,826 | — |
Frequently Asked Questions
What does New Life Ministries do?▼
New Life Ministries is a religion-related nonprofit organization based in Texas. It is classified under NTEE code X21 and is registered as a 501(c) tax-exempt organization with the IRS.
Is New Life Ministries financially healthy?▼
Based on our 9-metric Financial Health Score model, New Life Ministries has a score of 43/100 (Grade: C). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does New Life Ministries generate?▼
New Life Ministries reports $7.4M in annual revenue and holds $1.6M in total assets, based on IRS filings.
Similar Organizations
Explore more organizations in the Religion-Related category, or browse all nonprofits in Texas.