New Beginnings Ministry Inc

Analysis

New Beginnings Ministry Inc is a registered charity in United States, based in Port Arthur, TX. It received its IRS tax-exemption ruling in April 2009, 17 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, New Beginnings Ministry Inc reported income of $92k and spending of $105k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $116k to $92k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Beginnings Ministry Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Merced County Association of Realtors Charitable Foundation ($92k), Crossroads Foundation Inc ($92k) and New Jersey Community Resource Center Inc ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $22k against liabilities of $10k, net assets of $12k.