Allamakee New Beginnings Inc

Analysis

Allamakee New Beginnings Inc is a registered charity in United States, based in Decorah, IA. It received its IRS tax-exemption ruling in January 2009, 17 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, Allamakee New Beginnings Inc reported income of $1.4m and spending of $1.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $1.4m (+1350%), an average of +95% a year. The sharpest change came in the year to December 2022, when income rose by 184%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Allamakee New Beginnings Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within IA. Charities of a similar size with the same main cause include Planned Parenthood Advocates of Texas ($1.4m), Trinity Center Walnut Creek ($1.4m) and Hand Up Community Resource Center ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 94% of the total. Other salaries and wages came to $88k. At year end it held assets of $198k against liabilities of $13k, net assets of $185k. It reported 11 employees.