New Start Inc

Analysis

New Start Inc is a registered charity in United States, based in Randallstown, MD. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Start Inc reported income of $269k and spending of $356k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $386k to $269k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Start Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MD. Charities of a similar size with the same main cause include Earl J Maag Inc ($269k), Community Enabler Developers Inc ($269k) and Shepherd Home ($269k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $33k against liabilities of $152k, net assets of -$120k.