New Beginnings Thoroughbreds

Analysis

New Beginnings Thoroughbreds is a registered charity in United States, based in East Amwell, NJ. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 December 2023, New Beginnings Thoroughbreds reported income of $57k and spending of $59k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $57k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Beginnings Thoroughbreds sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within NJ. Charities of a similar size with the same main cause include Union Fire Company of Ballston Spa Inc ($57k), Homebound Services Inc ($57k) and Gto Conferences Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.