New Beginning Day Care Center Inc II

Analysis

New Beginning Day Care Center Inc II is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1997, 29 years ago. 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 Beginning Day Care Center Inc II reported income of $746k and spending of $992k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $713k to $746k (+4.7%), an average of +1.2% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Beginning Day Care Center Inc II sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Good Work Austin ($746k), Free Clinic of Pulaski County Inc ($746k) and Heritage Community of Kalamazoo Foundation Inc ($746k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $72k (7.3% of expenses). Other salaries and wages came to $461k. At year end it held assets of $148k against liabilities of $643k, net assets of -$496k. It reported 22 employees.