Lifes New Beginnings

Analysis

Lifes New Beginnings is a registered charity in United States, based in York, PA. It received its IRS tax-exemption ruling in February 2015, 11 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 2023, Lifes New Beginnings reported income of $4.8m and spending of $4.4m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $4.8m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifes New Beginnings sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Childserve Foundation Inc ($4.8m), Central Oregon Collective ($4.8m) and Young Mens Christian Association of Fond du Lac ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $305k (7.0% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $3.6m against liabilities of $297k, net assets of $3.3m. It reported 119 employees.