New Beginnings Centers of Hope Inc

Analysis

New Beginnings Centers of Hope Inc is a registered charity in United States, based in Valley Stream, NY. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Beginnings Centers of Hope Inc reported income of $191k and spending of $260k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $233k to $191k (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Beginnings Centers of Hope Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Acorn Community Clinic ($191k), The District of Columbia Breastfeeding Coalition Inc ($191k) and Ridgecrest Regional Hospital Foundation ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $85k (33% of expenses). Other salaries and wages came to $22k. At year end it held assets of $39k against liabilities of $597, net assets of $39k. It reported 2 employees.