Change and New Beginnings Canb

Analysis

Change and New Beginnings Canb is a registered charity in United States, based in Fairfield, CA. It received its IRS tax-exemption ruling in October 2000, 26 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 June 2023, Change and New Beginnings Canb reported income of $1.4m and spending of $1.3m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $994k to $1.4m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Change and New Beginnings Canb 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 84th percentile within CA. Charities of a similar size with the same main cause include The Lighthouse Foundation ($1.4m), Blossom Foundation Inc ($1.4m) and Bakersfield-Kern Regional Home ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Other salaries and wages came to $435k. At year end it held assets of $2.2m against liabilities of $1.6m, net assets of $615k. It reported 13 employees.