New Beginnings Academy Inc

Analysis

New Beginnings Academy Inc is a registered charity in United States, based in St George, UT. It received its IRS tax-exemption ruling in November 2006, 20 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 Academy Inc reported income of $108k and spending of $110k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $108k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Beginnings Academy Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within UT. Charities of a similar size with the same main cause include Florida Presbyterian Disaster Assistance Network ($108k), Bontempo Inc ($108k) and Grow More Foundation Inc ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $4,612 against liabilities of $0, net assets of $4,612.