New Beginnings Center for Children and Families Inc

Analysis

New Beginnings Center for Children and Families Inc is a registered charity in United States, based in Hazard, KY. It received its IRS tax-exemption ruling in February 1977, 49 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, New Beginnings Center for Children and Families Inc reported income of $1.3m and spending of $1.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $688k to $1.3m (+87%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Beginnings Center for Children and Families Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within KY. Charities of a similar size with the same main cause include Move Mountain View ($1.3m), Meals on Wheels of Loveland and Berthoud Inc ($1.3m) and Rio Grande Food Project ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $61k (4.9% of expenses). Other salaries and wages came to $508k. At year end it held assets of $1.9m against liabilities of $574k, net assets of $1.3m. It reported 36 employees.