New Beginnings Residential Treatment Facilities

Analysis

New Beginnings Residential Treatment Facilities is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in April 1996, 30 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 Residential Treatment Facilities reported income of $3.7m and spending of $3.2m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.7m (+68%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Beginnings Residential Treatment Facilities sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Alle-Kiski Area Hope Center ($3.7m), Partners in Learning Inc ($3.7m) and Save a Family Plan ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $394k (12% of expenses). At year end it held assets of $1.4m against liabilities of $175k, net assets of $1.2m. It reported 71 employees.