Early Beginnings

Analysis

Early Beginnings is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Early Beginnings reported income of $2.7m and spending of $2.5m, spending 91% of its income. Across the 4 years on record, from December 2018 to December 2023, income grew from $2.6m to $2.7m (+2.8%), an average of +0.9% a year. The sharpest change came in the year to December 2019, when income dropped by 17%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Early Beginnings sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Somali Community Link Inc ($2.7m), The Hub Oc ($2.7m) and Calvary Childrens Home Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $231k (9.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.1m against liabilities of $1.3m, net assets of $777k. It reported 99 employees.