A New Start-Financial Social Services Inc

Analysis

A New Start-Financial Social Services Inc is a registered charity in United States, based in Davie, FL. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, A New Start-Financial Social Services Inc reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 3 years on record, from December 2019 to December 2022, income grew from $510k to $1.3m (+153%), an average of +59% a year. The sharpest change came in the year to December 2020, when income rose by 181%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, A New Start-Financial Social Services Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Writers Center Inc ($1.3m), Kanza Society Inc High Plains Public Radio ($1.3m) and Fight for the Future Education Fund ($1.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $334k (26% of expenses). Other salaries and wages came to $259k. At year end it held assets of $742k against liabilities of $52k, net assets of $690k. It reported 5 employees.