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

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating1097 of 1113119 of 121
Fund acquisition rating1076 of 1114115 of 121
Resource allocation rating1058 of 1114114 of 121
Asset utilization rating859 of 111385 of 121

Financial ratios

Funding ratiosSector median20222021202020192018
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 ratiosSector median20222021202020192018
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
77%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
3%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 ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.860.600.570.580.800.74
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.762.372.212.535.265.16
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.751.421.261.484.233.80
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.5812.3611.739.334.072.12
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.080.090.110.250.47
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.117.798.717.232.141.67
 
Solvency ratiosSector median20222021202020192018
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
 
Assets20222021202020192018
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
 
Liabilities20222021202020192018
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 assets20222021202020192018
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
 
Revenue20222021202020192018
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
 
Expenses20222021202020192018
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 assets20222021202020192018
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

NameTitleCompensation
Charles DimarcoPresident/Ce$140,574
Amanda HenionDirector 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.


Needs