CSCharityScored
80

New Life Economic Development Inc

Human Services · Los Angeles, California

5200 S Broadway Ofc, Los Angeles, CA 90037-4507

EIN: 954443057· Founded: Jan 2020· 6 years active· Filing Year: 2023

Annual Revenue

$538K

Total Expenses

$516K

Total Assets

$1.2M

Program Spending

104%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$37K

7.2% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$258K

Total Payroll

$295K

57% of total expenses

Where the Money Goes

100%
Programs: 100%
Payroll: 57%
Other overhead: -4%
Program Revenue$538K (100%)
Total Expenses$516K (96%)
Payroll$295K (57%)
Overhead (non-program)-4%

Trust Score Breakdown

Program Spending Ratio

104% of expenses go to programs

40%

Revenue & Stability

$538K annual revenue

15%

Executive Compensation

$37K total officer comp (7.2% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$1.2M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.