New Life Ministries Inc
Wake Forest, North Carolina
BHealth Score
60B
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Above Average
💰
$368K
Total Revenue
📊
$403K
Total Expenses
🏦
$498K
Net Assets
📋
$1K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
-44.5%
Year-over-year change (2022 → 2023)
Net Margin
-9.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.23
Net assets divided by total expenses
Liabilities-to-Assets
0.2%
Total liabilities as % of total assets
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $367,975↓45% | $403,017↑17% | $498,668↓6% | — |
| 2022 | $663,293↑80% | $343,883↑25% | $528,773↑149% | — |
| 2021 | $368,583↑24% | $275,327↑28% | $212,655↑53% | — |
| 2020 | $297,943↑4% | $214,575↓20% | $139,314↑295% | — |
| 2019 | $285,924↑30% | $268,482↑22% | $35,256↑160% | — |
| 2018 | $220,405↓1% | $219,700↓1% | $13,538↓29% | — |
| 2017 | $223,077↑6% | $220,924↓3% | $19,129↑59% | — |
| 2016 | $210,066↓19% | $228,787↓6% | $12,041↓60% | — |
| 2015 | $260,835↓13% | $243,002↓19% | $30,298↑163% | — |
| 2014 | $299,132↓24% | $300,053↓22% | $11,521↓34% | — |
| 2013 | $395,084↓5% | $383,260↓8% | $17,580↑194% | — |
| 2012 | $415,782↓6% | $417,345↓8% | $5,988↓7% | — |
| 2011 | $444,574 | $452,769 | $6,444 | — |
Frequently Asked Questions
What does New Life Ministries Inc do?▼
New Life Ministries Inc is a unclassified nonprofit organization based in North Carolina. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is New Life Ministries Inc financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for New Life Ministries Inc.
How much revenue does New Life Ministries Inc generate?▼
New Life Ministries Inc reports $516K in annual revenue and holds $649K in total assets, based on IRS filings.
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