Begin Anew

Analysis

Begin Anew is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Begin Anew reported income of $591k and spending of $615k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $529k to $591k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Begin Anew 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 73rd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Interfaith Outreach Association ($591k), Willing to Go Inc ($591k) and Kingdom Education for Young Scholars ($591k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $79k (13% of expenses). Other salaries and wages came to $357k. At year end it held assets of $958k against liabilities of $96k, net assets of $861k. It reported 15 employees.