Fresh Start Inc

Analysis

Fresh Start Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in September 1991, 35 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 December 2023, Fresh Start Inc reported income of $1.1m and spending of $636k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $592k to $1.1m (+92%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fresh Start Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within NE. Charities of a similar size with the same main cause include Haven Ministry Inc ($1.1m), Rooted School Washington ($1.1m) and Newburgh Interfaith Emergency Housing Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $82k (13% of expenses). Other salaries and wages came to $272k. At year end it held assets of $2.8m against liabilities of $219k, net assets of $2.6m. It reported 16 employees.