DEMOGRAPHIC
ADDRESS
PO BOX 5839
20855
COUNTY
montgomery county, MD
IN CARE OF NAME
MICHELLE S CHO
ORGANIZATIONAL OVERVIEW & RANKINGS
NEW LIFE FOUNDATION is a based in DERWOOD, MD, focused on Arts, Culture and Humanities causes , specifically Music. Established in April 2012, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $54,293.00, this ranks 566,078 among 2,656,690 nonprofits nationally (Top 22%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 10,926 out of 58,073 organizations in MD (Top 19%).
In montgomery county, MD, the organization ranks 2,557 out of 10,971 nonprofits by assets (Top 24%), while locally in derwood, it stands at 26 among 146 organizations (Top 13%).
The organization reported annual revenue of $113,927.00, ranking 372,928 nationally (Top 15%) and 7,656 in MD (Top 14%).
Within its specific NTEE classification (A68 - A: Arts, Culture and Humanities), which includes 7,710 similar organizations, NEW LIFE FOUNDATION ranks 904 in assets (Top 12%) and 795 in revenue (Top 11%).
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
A: Arts, Culture and Humanities
NTEE CODE
A68: Music
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$113,927.00
FORM 990 REVENUE AMOUNT
$113,927.00
RULING DATE
04/2012
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$54,293.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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