New Beginnings Childrens Home at Canaan Land Ranch Inc

Analysis

New Beginnings Childrens Home at Canaan Land Ranch Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in March 2011, 15 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 Childrens Home at Canaan Land Ranch Inc reported income of $296k and spending of $315k, spending 106% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $364k to $296k (-19%), an average of -4.1% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Beginnings Childrens Home at Canaan Land Ranch Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Twin Sisters Market ($296k), Union Aid Society ($296k) and Bhalo Inc ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $46k (15% of expenses). Other salaries and wages came to $181k. At year end it held assets of $59k against liabilities of $37k, net assets of $22k. It reported 11 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.