New Beginnings Christian Church Endowment Foundation

Analysis

New Beginnings Christian Church Endowment Foundation is a registered charity in United States, based in Urbandale, IA. It received its IRS tax-exemption ruling in April 1967, 59 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Beginnings Christian Church Endowment Foundation reported income of $147k and spending of $295k, spending 200% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $147k (-92%), an average of -46% a year. The sharpest change came in the year to December 2021, when income dropped by 85%. Over the whole period it spent 61% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Beginnings Christian Church Endowment Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within IA. Charities of a similar size with the same main cause include Opened Bible Academy ($147k), First Presbyterian Church Foundation of Bartlesville Oklahom ($147k) and Grande Reach Ministries ($147k).

At year end it held assets of $5.0m against liabilities of $0, net assets of $5.0m.

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.