New Beginning of Charleston Inc

Analysis

New Beginning of Charleston Inc is a registered charity in United States, based in Summerville, SC. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Beginning of Charleston Inc reported income of $680k and spending of $531k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $713k to $680k (-4.5%), an average of -1.2% a year. The sharpest change came in the year to December 2023, when income rose by 377%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Beginning of Charleston Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within SC. Charities of a similar size with the same main cause include Living Vine Inc ($680k), Harwinton Ambulance Association Inc ($680k) and Society for Clinical Trials Inc ($680k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $154k (29% of expenses). Other salaries and wages came to $171k. At year end it held assets of $338k against liabilities of $64k, net assets of $274k. It reported 13 employees.