New Life Beginnings Inc

Analysis

New Life Beginnings Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in January 1988, 38 years ago. 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 June 2023, New Life Beginnings Inc reported income of $326k and spending of $302k, spending 93% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $546k to $326k (-40%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 36%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Life Beginnings Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Down Syndrome Association of Orange County ($325k), Merrick County Historical Museum Inc ($326k) and The Alabama-West Florida United Methodist Development Fund Inc ($325k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (36% of expenses). Other salaries and wages came to $119k. At year end it held assets of $851k against liabilities of $660k, net assets of $191k.