New Beginnings Family & Childrens Services Inc

Analysis

New Beginnings Family & Childrens Services Inc is a registered charity in United States, based in Mineola, NY. It received its IRS tax-exemption ruling in November 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Beginnings Family & Childrens Services Inc reported income of $561k and spending of $567k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $681k to $561k (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income dropped by 35%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Beginnings Family & Childrens Services Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Camden Community Alliance & Resources Inc ($561k), Friends & Co ($561k) and Caring Hands Foundation Inc ($561k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $81k (14% of expenses). Other salaries and wages came to $230k. At year end it held assets of $255k against liabilities of $189k, net assets of $66k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.