Funding New Beginnings Community Foundation

Analysis

Funding New Beginnings Community Foundation is a registered charity in United States, based in Prophetstown, IL. It received its IRS tax-exemption ruling in February 2006, 20 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, Funding New Beginnings Community Foundation reported income of $217k and spending of -$263k, leaving 221% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $321k to $217k (-32%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Funding New Beginnings Community Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Positive Directions Inc ($217k), Lewis Educational Agricultural Farm ($217k) and 4 Saints Episcopal Food Pantry ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.6% of the total. At year end it held assets of $4.6m against liabilities of $0, net assets of $4.6m.