New Beginnings Orphanages

Analysis

New Beginnings Orphanages is a registered charity in United States, based in Mesquite, TX. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Orphanages reported income of $167k and spending of $167k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $167k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Beginnings Orphanages 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 50th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Sertoma Inc ($167k), The Philanthrophy Community Foundation ($167k) and Friends of Northern Hills Training Center Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.