Best Beginnings

Analysis

Best Beginnings is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in May 2013, 13 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 2023, Best Beginnings reported income of $552k and spending of $556k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $593k to $552k (-6.9%), an average of -1.8% a year. The sharpest change came in the year to June 2020, when income rose by 20%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Best Beginnings sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within AK. Charities of a similar size with the same main cause include Baltimore Jewish Eldercare Foundation Inc ($552k), United Way of Northwest Illinois Inc ($552k) and Upper Arlington Education Foundation ($551k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 112% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $73k (13% of expenses). Other salaries and wages came to $165k. At year end it held assets of $321k against liabilities of $32k, net assets of $289k. It reported 4 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.