New Beginnings Recovery Inc

Analysis

New Beginnings Recovery Inc is a registered charity in United States, based in Talladega, AL. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Beginnings Recovery Inc reported income of $552k and spending of $430k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $483k to $552k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Beginnings Recovery Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within AL. Charities of a similar size with the same main cause include National Alliance for Mentally Ill of Champlain Valley Inc ($552k), Vna Space Coast Private Care Inc ($552k) and Samaritan Family Health & Counseling Center Inc ($552k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $41k. At year end it held assets of $530k against liabilities of $192k, net assets of $339k.