New Beginnings of Southwest Florida

Analysis

New Beginnings of Southwest Florida is a registered charity in United States, based in Cape Coral, FL. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 of Southwest Florida reported income of $334k and spending of $248k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $189k to $334k (+77%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Beginnings of Southwest Florida sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Kings Court ($334k), Larksfield Place Foundation Inc ($334k) and 123 Crawford Street Inc ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $98k (39% of expenses). At year end it held assets of $366k against liabilities of $3,121, net assets of $363k. It reported 2 employees.