New Beginnings for Families Inc

Analysis

New Beginnings for Families Inc is a registered charity in United States, based in Brockton, MA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, New Beginnings for Families Inc reported income of $148k and spending of $287k, spending 193% of what it took in. Across the 6 years on record, from December 2018 to June 2024, income grew from $40k to $148k (+275%), an average of +30% a year. The sharpest change came in the year to June 2020, when income rose by 406%. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Beginnings for Families Inc 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 47th percentile, and in the 52nd percentile within MA. Charities of a similar size with the same main cause include Virginia Avenue Apartments Inc ($148k), McKinzie Gardens II Inc ($149k) and Brookings Senior Housing Inc ($148k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $1.2m against liabilities of $1.5m, net assets of -$249k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.