New Beginning Ministries International Incorporated

Analysis

New Beginning Ministries International Incorporated is a registered charity in United States, based in Dothan, AL. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Beginning Ministries International Incorporated reported income of $902k and spending of $578k, leaving 36% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $368k to $902k (+145%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Beginning Ministries International Incorporated sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within AL. Charities of a similar size with the same main cause include House on the Rock Family Ministries ($902k), International Conservative Holiness Association Inc ($902k) and Well Incorporated ($901k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $258k (45% of expenses). At year end it held assets of $13.4m against liabilities of $1.6m, net assets of $11.8m. It reported 21 employees.