New Beginnings Plaza

Analysis

New Beginnings Plaza is a registered charity in United States, based in Hastings, NE. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, New Beginnings Plaza reported income of $65k and spending of $79k, spending 121% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $51k to $65k (+29%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 130%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Beginnings Plaza sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within NE. Charities of a similar size with the same main cause include Virginia Beach Fallen Heroes Inc ($65k), Natural Family Planning International Inc ($65k) and Calistoga Cares Food Bank Inc ($65k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 39% of the total. At year end it held assets of $267k against liabilities of $6,016, net assets of $261k.