New Beginnings MSC Inc

Analysis

New Beginnings MSC Inc is a registered charity in United States, based in Wynantskill, NY. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 MSC Inc reported income of $349k and spending of $312k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $272k to $349k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 111% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, New Beginnings MSC Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Hope Haven of Hancock County ($349k), Children with Disabilities Fund International ($349k) and League of Women Voters of New Jersey ($349k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $48k (15% of expenses). Other salaries and wages came to $152k. At year end it held assets of $83k against liabilities of $55k, net assets of $29k. It reported 25 employees.