New Beginings Center

Analysis

New Beginings Center is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, New Beginings Center reported income of $596k and spending of $562k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $470k to $596k (+27%), an average of +8.2% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Beginings Center sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Recovery Network Inc ($596k), Federation of State Physician Health Programs Inc ($596k) and On Our Own Inc ($596k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $96k (17% of expenses). Other salaries and wages came to $174k. At year end it held assets of $935k against liabilities of $637k, net assets of $298k. It reported 17 employees.