West Side New Beginnings Inc

Analysis

West Side New Beginnings Inc is a registered charity in United States, based in Rehoboth, DE. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 March 2024, West Side New Beginnings Inc reported income of $145k and spending of $135k, spending 93% of its income. Across the 2 years on record, from March 2023 to March 2024, income fell from $163k to $145k (-11%), an average of -11% a year. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Side New Beginnings Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 41st percentile within DE. Charities of a similar size with the same main cause include Salem Economic Development Corporation ($145k), Summit-Hill Association ($145k) and Kansas Kiwanis Foundation Inc ($145k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.