New Beginning of Restoration & Hope Mobile Services

Analysis

New Beginning of Restoration & Hope Mobile Services is a registered charity in United States, based in Lampasas, TX. It received its IRS tax-exemption ruling in December 2017, 9 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 Beginning of Restoration & Hope Mobile Services reported income of $96k and spending of $86k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $96k (+6.3%), an average of +6.3% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Beginning of Restoration & Hope Mobile Services sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include Youth with a Positive Direction ($96k), Cascade Court Housing Organization ($96k) and Power of One Foundation ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $255k against liabilities of $202k, net assets of $54k.