New Beginnings

Analysis

New Beginnings is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, New Beginnings reported income of $1.6m and spending of $590k, leaving 64% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $475k to $1.6m (+242%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Beginnings sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Project Beetroot ($1.6m), Westgate Child Center Corporation ($1.6m) and New York Seminary Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $168k. At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m.