New Beginnings in Christ Ministries

Analysis

New Beginnings in Christ Ministries is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2024, 2 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 Beginnings in Christ Ministries reported income of $52k and spending of $33k, leaving 37% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $19k to $52k (+173%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 57% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Beginnings in Christ Ministries sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Nations for Jesus Inc ($52k), Western World Missions Incorporated ($52k) and Hope House Ministries ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.