New Beginnings of Malone

Analysis

New Beginnings of Malone is a registered charity in United States, based in Malone, NY. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Beginnings of Malone reported income of $121k and spending of $117k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $103k to $121k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Beginnings of Malone sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include US Islamic Foundation ($121k), Christmas Wonderland Inc ($121k) and Rock of Ages Festival Ministries Inc ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $23k against liabilities of $409, net assets of $22k.