Good Beginnings

Analysis

Good Beginnings is a registered charity in United States, based in West Lebanon, NH. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Good Beginnings reported income of $240k and spending of $162k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $347k to $240k (-31%), an average of -8.8% a year. The sharpest change came in the year to June 2024, when income rose by 88%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Good Beginnings sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within NH. Charities of a similar size with the same main cause include Hearts Respond ($240k), Harbor Community Development Corp ($240k) and Port Arthur International Seamens Center ($240k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $50k (31% of expenses). Other salaries and wages came to $44k. At year end it held assets of $498k against liabilities of $7,652, net assets of $491k. It reported 2 employees.