New Beginnings Bluegrass Inc

Analysis

New Beginnings Bluegrass Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in January 1998, 28 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Beginnings Bluegrass Inc reported income of $2.3m and spending of $2.0m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.6m to $2.3m (+49%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Beginnings Bluegrass Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within KY. Charities of a similar size with the same main cause include Obrien House Inc ($2.3m), Healthy Rural California Inc ($2.3m) and Special Delivery Dental Care Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $281k (14% of expenses). Other salaries and wages came to $508k. At year end it held assets of $3.7m against liabilities of $846k, net assets of $2.8m. It reported 27 employees.