Dr Theresa Staffords New Beginnings Learning Academy Inc

Analysis

Dr Theresa Staffords New Beginnings Learning Academy Inc is a registered charity in United States, based in Cambridge, MD. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Dr Theresa Staffords New Beginnings Learning Academy Inc reported income of $186k and spending of $165k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $166k to $186k (+12%), an average of +12% a year. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Dr Theresa Staffords New Beginnings Learning Academy Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MD. Charities of a similar size with the same main cause include Harvest Hope Farm ($186k), United Youth of America ($186k) and Boys and Girls Club of Malvern & Hot Spring County Inc ($186k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.