New Life Solutions 
The information on this page was last updated 3/24/2023. If you see errors or omissions, please email: [email protected]
Summary
Protecting the unborn, sharing the gospel, and transforming our communities
One Life At A Time
Contact information
Mailing address:
New Life Solutions
1910 E Bay Drive
LArgo, FL 33771
Website: newlifesolutions.org
Phone: (727) 216-1402
Email: [email protected]
Organization details
EIN: 592588366
CEO/President: Charles DiMarco
Chairman: Charles DiMarco
Board size: 11
Founder:
Ruling year: 1985
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2001
Purpose
Communities that are abortion-free, salvation full, discipled, and healed.
Mission statement
Our mission is to protect the unborn, share the gospel, and transform our communities -one life at a time.
Statement of faith
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 1089 of 1106 | 120 of 122 |
| Fund acquisition rating | | 1058 of 1107 | 117 of 122 |
| Resource allocation rating | | 1046 of 1107 | 116 of 122 |
| Asset utilization rating | | 862 of 1106 | 86 of 122 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 17% | 17% | 17% | 23% | 25% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 17% | 17% | 17% | 21% | 23% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 92% | 100% | 102% | 95% | 93% | 93% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 17% | 21% | 23% | 22% | 21% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 8% | 0% | -2% | 5% | 7% | 7% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 65% | 63% | 59% | 57% | 64% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 99% | 82% | 72% | 97% | 111% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 65% | 52% | 42% | 56% | 71% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | 1% | 18% | 28% | 3% | -11% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 4% | 0% | 19% | 39% | 5% | -18% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 18% | 16% | 18% | 21% | 15% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.84 | 0.60 | 0.57 | 0.58 | 0.80 | 0.74 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.76 | 2.37 | 2.21 | 2.53 | 5.26 | 5.16 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.77 | 1.42 | 1.26 | 1.48 | 4.23 | 3.80 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.67 | 12.36 | 11.73 | 9.33 | 4.07 | 2.12 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.08 | 0.09 | 0.11 | 0.25 | 0.47 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.08 | 7.79 | 8.71 | 7.23 | 2.14 | 1.67 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 34% | 34% | 41% | 54% | 60% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 28% | 31% | 37% | 50% | 50% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 101% | 110% | 115% | 100% | 57% | 55% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $1,531,649 | $1,726,748 | $1,126,515 | $139,951 | $164,823 |
| Receivables, inventories, prepaids | $192,188 | $119,842 | $324,511 | $407,391 | $431,975 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,723,837 | $1,846,590 | $1,451,026 | $547,342 | $596,798 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $2,161,843 | $2,159,203 | $2,145,792 | $2,242,504 | $2,309,754 |
| Other long-term assets | $195,195 | $76,368 | $78,106 | $91,568 | $172,006 |
| Total long-term assets | $2,357,038 | $2,235,571 | $2,223,898 | $2,334,072 | $2,481,760 |
| Total assets | $4,080,875 | $4,082,161 | $3,674,924 | $2,881,414 | $3,078,558 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $139,465 | $157,401 | $155,503 | $134,525 | $156,921 |
| Other current liabilities | $0 | $0 | $0 | $0 | $125,000 |
| Total current liabilities | $139,465 | $157,401 | $155,503 | $134,525 | $281,921 |
| Debt | $1,130,191 | $1,248,643 | $1,362,046 | $1,433,378 | $1,551,852 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $121,691 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $1,251,882 | $1,248,643 | $1,362,046 | $1,433,378 | $1,551,852 |
| Total liabilities | $1,391,347 | $1,406,044 | $1,517,549 | $1,567,903 | $1,833,773 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $2,597,570 | $2,592,084 | $2,136,919 | $1,306,130 | $1,231,936 |
| With donor restrictions | $91,958 | $84,033 | $20,456 | $7,381 | $12,849 |
| Net assets | $2,689,528 | $2,676,117 | $2,157,375 | $1,313,511 | $1,244,785 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $2,461,321 | $2,897,348 | $2,850,577 | $2,212,728 | $1,898,886 |
| Program service revenue | $153,959 | $164,344 | $143,008 | $173,778 | $146,153 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | ($8) | ($1,487) | ($627) | $0 | $0 |
| Other revenue | ($159,942) | ($215,099) | $0 | $0 | $0 |
| Total other revenue | ($5,991) | ($52,242) | $142,381 | $173,778 | $146,153 |
| Total revenue | $2,455,330 | $2,845,106 | $2,992,958 | $2,386,506 | $2,045,039 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $1,592,949 | $1,466,756 | $1,265,294 | $1,326,673 | $1,458,607 |
| Management and general | $429,800 | $366,862 | $387,202 | $486,142 | $329,505 |
| Fundraising | $419,170 | $492,746 | $496,598 | $504,965 | $477,302 |
| Total expenses | $2,441,919 | $2,326,364 | $2,149,094 | $2,317,780 | $2,265,414 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $13,411 | $518,742 | $843,864 | $68,726 | ($220,375) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $13,411 | $518,742 | $843,864 | $68,726 | ($220,375) |
Compensation
| Name | Title | Compensation |
| Charles Dimarco | President/Ce | $140,574 |
| Amanda Henion | Director of | $64,022 |
Compensation data as of: 12/31/2022
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/24/2023. To update the information below, please email: [email protected]
History
Program accomplishments
350,000+ That's how many women, men, children, and teens we have impacted in our first 35 years. That's only the beginning. You can help us multiply our efforts. Your commitment to New Life Solutions doesn't stop at saving the lives of unborn babies. When you stand with us, you also stand for pro-motherhood, pro-fatherhood, pro-marriage, and pro-gospel.