Only the Beginning Inc

Analysis

Only the Beginning Inc is a registered charity in United States, based in Sunrise, FL. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Only the Beginning Inc reported income of $138k and spending of $165k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $163k to $138k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 109% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Only the Beginning Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include Community of Gratitude Inc ($138k), Rich May Foundation ($138k) and Momentum Alliance ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 99% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.