New Beginning Life Chaning Network Inc

Analysis

New Beginning Life Chaning Network Inc is a registered charity in United States, based in Smyrna, GA. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, New Beginning Life Chaning Network Inc reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.2m to $1.4m (-34%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 32%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Beginning Life Chaning Network Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within GA. Charities of a similar size with the same main cause include New Horizon School Westside ($1.4m), Foundation for Mott Community College ($1.4m) and Milwaukee Regional Innovation Center Inc ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 5.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $41k (2.9% of expenses). Other salaries and wages came to $185k. At year end it held assets of $681k against liabilities of $537k, net assets of $143k. It reported 17 employees.