New Beginnings High School

Analysis

New Beginnings High School is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Beginnings High School reported income of $6.9m and spending of $7.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $6.9m (+16%), an average of +3.9% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Beginnings High School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Austin Montessori School Inc ($6.9m), Corporacion de Servicios Educativos de Yabucoa ($6.9m) and Windsor School Inc ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 91% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $4.2m against liabilities of $4.2m, net assets of $37k. It reported 47 employees.