New Beginnings of Brunswick Inc

Analysis

New Beginnings of Brunswick Inc is a registered charity in United States, based in Shallotte, NC. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Beginnings of Brunswick Inc reported income of $450k and spending of $38k, leaving 92% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $342k to $450k (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Beginnings of Brunswick Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Lords Gym of Eldorado County Inc ($450k), Lincoln Green Foundation Inc ($450k) and S W a T Ministries Inc ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.5m against liabilities of $492k, net assets of $1.1m. It reported 6 employees.