A New Beginning a Ministry for Women and Children

Analysis

A New Beginning a Ministry for Women and Children is a registered charity in United States, based in Mayfield, KY. 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, A New Beginning a Ministry for Women and Children reported income of $290k and spending of $128k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $278k to $290k (+4.2%), an average of +4.2% a year. Over the whole period it spent 26% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A New Beginning a Ministry for Women and Children sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within KY. Charities of a similar size with the same main cause include Beverly Hills Womens Club ($290k), Friends of Special Children ($290k) and Dream It Forward Foundation Inc ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $40k (31% of expenses). Other salaries and wages came to $21k. At year end it held assets of $419k against liabilities of -$120, net assets of $420k. It reported 4 employees.