New Beginnings Ministries of Wabash County Inc

Analysis

New Beginnings Ministries of Wabash County Inc is a registered charity in United States, based in Wabash, IN. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Ministries of Wabash County Inc reported income of $111k and spending of $134k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $162k to $111k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 96% 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 Ministries of Wabash County Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within IN. Charities of a similar size with the same main cause include Foreknown Ministries ($110k), Cao Research Foundation Inc ($111k) and Rose Court ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 17% of the total. At year end it held assets of $98k against liabilities of $2,722, net assets of $95k.