New Beginnings Housing Foundation

Analysis

New Beginnings Housing Foundation is a registered charity in United States, based in Chico, CA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. 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 December 2023, New Beginnings Housing Foundation reported income of $334k and spending of $280k, spending 84% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $127k to $334k (+163%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 927%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Beginnings Housing Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Florida High School Rodeo Association Incorporated ($334k), Center Township Elderly Housing Inc ($334k) and National Church Residences of ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $37k (13% of expenses). Other salaries and wages came to $22k. At year end it held assets of $4.0m against liabilities of $2.8m, net assets of $1.2m. It reported 3 employees.