New Beginning Global Outreach Ministries Inc

Analysis

New Beginning Global Outreach Ministries Inc is a registered charity in United States, based in Riviera Beach, FL. It received its IRS tax-exemption ruling in April 2004, 22 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 Global Outreach Ministries Inc reported income of $1.0m and spending of $1.0m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $683k to $1.0m (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Beginning Global Outreach Ministries Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Healing Meals Foundation Corporation ($1.0m), Calvin Hill Day Care Center Inc ($1.0m) and Foundation for Sheltered Living Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $492k. At year end it held assets of $525k against liabilities of $248k, net assets of $277k. It reported 17 employees.