Beginnings Inc

Analysis

Beginnings Inc is a registered charity in United States, based in Johnstown, PA. It received its IRS tax-exemption ruling in April 1952, 74 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Beginnings Inc reported income of $1.5m and spending of $1.5m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.5m (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beginnings 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 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Artserve Inc ($1.5m), The Misty Copeland Foundation Inc ($1.5m) and Boy Scouts of America ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $101k (6.9% of expenses). Other salaries and wages came to $820k. At year end it held assets of $849k against liabilities of $176k, net assets of $673k. It reported 26 employees.