New Beginnings Child Care of Montgomery County Indiana Inc

Analysis

New Beginnings Child Care of Montgomery County Indiana Inc is a registered charity in United States, based in Crawfordsvlle, IN. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Child Care of Montgomery County Indiana Inc reported income of $725k and spending of $851k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.0m to $725k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Beginnings Child Care of Montgomery County Indiana Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within IN. Charities of a similar size with the same main cause include Senior Charity Care Foundation ($725k), Childrens Toy Fund Inc ($725k) and Hive Mentality ($725k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $619k. At year end it held assets of $202k against liabilities of $11k, net assets of $191k. It reported 59 employees.