Beginning with Children Foundation Inc

Analysis

Beginning with Children Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Beginning with Children Foundation Inc reported income of $7.4m and spending of $6.0m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $7.4m (+154%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 89%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beginning with Children Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Twin Rivers Charter School ($7.4m), Rethinkforward Inc ($7.4m) and Adirondack Community Action Programs Inc ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $626k (10% of expenses). Other salaries and wages came to $1.5m. It paid $100k in professional fundraising fees. At year end it held assets of $53.8m against liabilities of $35.9m, net assets of $17.9m. It reported 69 employees.