New Beginnings Preschool Inc

Analysis

New Beginnings Preschool Inc is a registered charity in United States, based in Langhorne, PA. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, New Beginnings Preschool Inc reported income of $150k and spending of $147k, spending 98% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $128k to $150k (+17%), an average of +17% a year. The sharpest change came in the year to July 2023, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Beginnings Preschool Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within PA. Charities of a similar size with the same main cause include Camdenton R-Iii School District Education Foundation Inc ($150k), Kaexcellence Scholars Inc ($150k) and Claudia Taylor Johnson High School Band Parents Association ($150k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 0.5% and program service revenue 100% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.