New Beginnings Ministries of Hardee County Inc

Analysis

New Beginnings Ministries of Hardee County Inc is a registered charity in United States, based in Valrico, FL. It received its IRS tax-exemption ruling in December 2009, 17 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 Beginnings Ministries of Hardee County Inc reported income of $191k and spending of $175k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $201k to $191k (-5.1%), an average of -5.1% a year. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Beginnings Ministries of Hardee County Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include First Choice Center for Women Inc ($191k), Target One Ministries Inc ($191k) and Aleph Learning Center ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $42k (24% of expenses). At year end it held assets of $57k against liabilities of $2,304, net assets of $55k. It reported 1 employees.