New Beginnings House of Prayer

Analysis

New Beginnings House of Prayer is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Beginnings House of Prayer reported income of $123k and spending of $100k, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $90k to $123k (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 60% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Beginnings House of Prayer sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within KY. Charities of a similar size with the same main cause include Sharing Life Ministries Inc ($123k), Basics Christian Ministries Inc ($123k) and Follower of One Inc ($123k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $627k against liabilities of $211k, net assets of $416k.