Begin Again Foundation

Analysis

Begin Again Foundation is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in February 2016, 10 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 December 2023, Begin Again Foundation reported income of $1.3m and spending of $650k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $445k to $1.3m (+199%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 151%. Over the whole period it spent 43% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Begin Again Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Assistance League of Boise Idaho Inc ($1.3m), Young Mens Christian Association of Cass County Inc ($1.3m) and Carolina Meadows Foundation Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 1.2% of the total. At year end it held assets of $3.5m against liabilities of $15k, net assets of $3.5m.