New Life Holding Corporation

Organization Overview

New Life Holding Corporation is located in Woodland Park, CO. The organization was established in 2018. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life Holding Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

For the year ending 09/2021, New Life Holding Corporation generated $1.7m in total revenue. All expenses for the organization totaled $5.5m during the year ending 09/2021. While expenses have increased by 50.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HOLDING TITLE TO PROPERTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NEW LIFE HOLDING CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO NEW LIFE ASSOCIATION, INC.


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Board, Officers & Key Employees

Name (title)Compensation
Jamie Wommack
President
$0
Paul Milligan
Secretary/treasurer
$0
Chris Suess
Director
$0
Andrew Wertz
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$441,272
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $438,219
Total Revenue from Contributions, Gifts, Grants & Similar$441,272
Total Program Service Revenue$1,280,398
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,520
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,723,190

Grants Awarded

Over the last fiscal year, New Life Holding Corporation has awarded $1,265,796 in support to 2 organizations.

Grant RecipientAmount

CHARIS BIBLE COLLEGES INC

Org PageRecipient Profile

Woodland Park, CO

PURPOSE: Mission and operational support

$976,855

ANDREW WOMMACK MINISTRIES INC

Org PageRecipient Profile

Woodland Park, CO

PURPOSE: Mission and operational support

$288,941
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that New Life Holding Corporation has recieved totaling $28,218,390.

Awarding OrganizationAmount
Andrew Wommack Ministries Inc

Woodland Park, CO

PURPOSE: Transfer of Fixed Assets

$14,109,195
Andrew Wommack Ministries Inc

Woodland Park, CO

PURPOSE: Transfer of Fixed Assets

$14,109,195
View Grant Recipient Profile

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