New Beginnings Community Center Inc

Analysis

New Beginnings Community Center Inc is a registered charity in United States, based in Medford, NY. It received its IRS tax-exemption ruling in May 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, New Beginnings Community Center Inc reported income of $284k and spending of $288k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $302k to $284k (-6.0%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income dropped by 38%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Beginnings Community Center Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Old Newsboys Goodfellow Association of Toledo Ohio ($284k), Newton Pregnancy Resource Center Inc ($284k) and Leadership Montgomery County ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $9,100 (3.2% of expenses). At year end it held assets of $141k against liabilities of $121k, net assets of $20k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.