New Beginnings Are Possible Inc

Analysis

New Beginnings Are Possible Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, New Beginnings Are Possible Inc reported income of $331k and spending of $444k, spending 134% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $433k to $331k (-24%), an average of -8.6% a year. The sharpest change came in the year to June 2020, when income rose by 34%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Beginnings Are Possible Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within WI. Charities of a similar size with the same main cause include Lowell Sun Charities Inc ($331k), Social Venture Partners MN ($331k) and Special K Ranch Foundation Inc ($331k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 88% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $5,692 (1.3% of expenses). Other salaries and wages came to $125k. At year end it held assets of $1.1m against liabilities of $38k, net assets of $1.0m. It reported 13 employees.