A New Beginning for You Inc

Analysis

A New Beginning for You Inc is a registered charity in United States, based in Troy, AL. It received its IRS tax-exemption ruling in July 2006, 20 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 December 2023, A New Beginning for You Inc reported income of $297k and spending of $256k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $316k to $297k (-6.2%), an average of -1.6% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A New Beginning for You Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within AL. Charities of a similar size with the same main cause include Changing Lives Together Foundation Inc ($297k), Nevada Agricultural Foundation ($297k) and Uplift Community Foundation ($297k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $110k (43% of expenses). At year end it held assets of $294k against liabilities of $261k, net assets of $33k. It reported 2 employees.