New Beginnings Family Services

Analysis

New Beginnings Family Services is a registered charity in United States, based in Red Wing, MN. It received its IRS tax-exemption ruling in November 2003, 23 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 Family Services reported income of $211k and spending of $225k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $231k to $211k (-8.4%), an average of -2.2% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Beginnings Family Services sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Evas Foundation Inc ($211k), Larry M Trice Sr Community Outreach Services ($211k) and Ninnekah Senior Citizens Committee Inc ($211k).

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 $29k (13% of expenses). Other salaries and wages came to $82k. At year end it held assets of $155k against liabilities of $0, net assets of $155k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.