New Beginnings Enterprises

Analysis

New Beginnings Enterprises is a registered charity in United States, based in Salina, KS. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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, New Beginnings Enterprises reported income of $233k and spending of $180k, leaving 23% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $99k to $233k (+134%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 93%. Over the whole period it spent 265% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Beginnings Enterprises sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within KS. Charities of a similar size with the same main cause include American Alliance for Health Physical Education Rec & Dance ($233k), Disabilities Services Inc ($233k) and Ocarc Inc ($233k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $38k. At year end it held assets of $214k against liabilities of $48k, net assets of $166k. It reported 1 employees.