New Beginnings Recovery Homes Incorporated

Analysis

New Beginnings Recovery Homes Incorporated is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Beginnings Recovery Homes Incorporated reported income of $1.0m and spending of $1.1m, spending 105% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $243k to $1.0m (+314%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 418%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Beginnings Recovery Homes Incorporated sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Medisys Ambulance Service Inc ($1.0m), Youth with a Mission of Colo ($1.0m) and Providence Newberg Health Foundation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $21k. At year end it held assets of $383k against liabilities of $373k, net assets of $10k. It reported 2 employees.