New Beginning Ministry

Analysis

New Beginning Ministry is a registered charity in United States, based in Moorestown, NJ. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Beginning Ministry reported income of $76k and spending of $77k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $76k (+8.4%), an average of +8.4% a year. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Beginning Ministry sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Islamic League of Georgia ($76k), Greater Hope Life Change Center ($76k) and Verbiest Foundation ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.