New Beginnings of Westchester Inc

Analysis

New Beginnings of Westchester Inc is a registered charity in United States, based in Ossining, NY. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, New Beginnings of Westchester Inc reported income of $134k and spending of $96k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $134k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Beginnings of Westchester Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Cityhope of New Hampshire ($134k), Seven Pearls Foundation Inc ($134k) and Michael Ray Lee Foundation ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $186k against liabilities of $1,532, net assets of $184k.