Center for New Beginnings Inc

Analysis

Center for New Beginnings Inc is a registered charity in United States, based in Waynesboro, GA. It received its IRS tax-exemption ruling in January 2007, 19 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, Center for New Beginnings Inc reported income of $2.4m and spending of $2.0m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $909k to $2.4m (+160%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center for New Beginnings Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include Family YMCA of Lancaster & Fairfield County ($2.4m), Institute for Racial Equity and Excellence ($2.4m) and Downtown Soup Kitchen ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $34k (1.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $946k against liabilities of $276k, net assets of $670k. It reported 67 employees.