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

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating1069 of 1077140 of 142
Fund acquisition rating1067 of 1078139 of 142
Resource allocation rating1063 of 1078139 of 142
Asset utilization rating896 of 1077116 of 142

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%23%25%23%26%39%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%21%23%22%26%19%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%93%93%98%100%50%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%22%21%22%23%24%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%7%7%2%0%50%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%57%64%64%64%64%
Spending ratio Spending ratio =
Total expenses /
Total revenue
87%97%111%101%113%81%
Program output ratio Program output ratio =
Program services /
Total revenue
69%56%71%65%72%52%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
13%3%-11%-1%-13%19%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
18%5%-18%-1%-17%26%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%21%15%14%13%12%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.870.800.740.700.640.53
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.605.265.164.033.773.33
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.644.233.802.812.421.76
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.184.072.126.918.2012.99
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.250.470.140.120.08
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.752.141.673.654.366.29
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%54%60%55%56%54%
Debt ratio Debt ratio =
Debt /
Total assets
0%50%50%51%52%50%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
89%57%55%65%68%88%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$139,951$164,823$326,119$483,926$736,874
Receivables, inventories, prepaids$407,391$431,975$478,629$421,147$385,090
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$547,342$596,798$804,748$905,073$1,121,964
Long-term investments$0$0$0$0$0
Fixed assets$2,242,504$2,309,754$2,376,699$2,486,028$2,596,504
Other long-term assets$91,568$172,006$59,005$16,611$15,541
Total long-term assets$2,334,072$2,481,760$2,435,704$2,502,639$2,612,045
Total assets$2,881,414$3,078,558$3,240,452$3,407,712$3,734,009
 
Liabilities20192018201720162015
Payables and accrued expenses$134,525$156,921$116,512$110,315$86,401
Other current liabilities$0$125,000$0$0$0
Total current liabilities$134,525$281,921$116,512$110,315$86,401
Debt$1,433,378$1,551,852$1,658,780$1,764,518$1,862,620
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$50,000$50,000
Total long-term liabilities$1,433,378$1,551,852$1,658,780$1,814,518$1,912,620
Total liabilities$1,567,903$1,833,773$1,775,292$1,924,833$1,999,021
 
Net assets20192018201720162015
Without donor restrictions$1,306,130$1,231,936$1,363,604$1,395,139$1,654,883
With donor restrictions$7,381$12,849$101,556$87,740$80,105
Net assets$1,313,511$1,244,785$1,465,160$1,482,879$1,734,988
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$2,212,728$1,898,886$2,190,250$1,935,677$1,223,398
Program service revenue$173,778$146,153$53,946$443$0
Membership dues$0$0$0$0$0
Investment income$0$0$0$75$75
Other revenue$0$0$0$0$1,207,161
Total other revenue$173,778$146,153$53,946$518$1,207,236
Total revenue$2,386,506$2,045,039$2,244,196$1,936,195$2,430,634
 
Expenses20192018201720162015
Program services$1,326,673$1,458,607$1,450,730$1,399,655$1,255,668
Management and general$486,142$329,505$311,591$282,291$244,917
Fundraising$504,965$477,302$499,594$506,358$473,793
Total expenses$2,317,780$2,265,414$2,261,915$2,188,304$1,974,378
 
Change in net assets20192018201720162015
Surplus (deficit)$68,726($220,375)($17,719)($252,109)$456,256
Other changes in net assets$0$0$0$0$0
Total change in net assets$68,726($220,375)($17,719)($252,109)$456,256

Compensation

NameTitleCompensation
Charles DimarcoPresident/Ce$113,059

Compensation data as of: 12/31/2019


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