Friendship Center For New Beginnings Inc
Friendship Center For New Beginnings: Declining Revenue and Assets Raise Concerns
EIN: 222492357 · Flemington, NJ · NTEE: P72Z · Updated: 2026-04-04
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Friendship Center For New Beginnings Inc is mapped to EIN 222492357.
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13 stored filing years available.
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| Metric | Value |
|---|---|
| Total Revenue | $242K |
| Total Expenses | $181K |
| Program Spending | 75% |
| Net Assets | $307K |
| Transparency Score | 65/100 |
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Friendship Center For New Beginnings Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Friendship Center For New Beginnings Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Friendship Center For New Beginnings Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $149K and expenses of $181K.
Revenue and Expenses
Friendship Center For New Beginnings Inc reported $149K in revenue and $181K in expenses, a deficit of $31K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 1 strength are shown from structured and AI review.
Is Friendship Center For New Beginnings Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $136K (75%) |
Across stored filings, Friendship Center For New Beginnings Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and Human Services context |
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Friendship Center For New Beginnings Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friendship Center For New Beginnings Inc
Friendship Center For New Beginnings Inc (EIN: 222492357) is a nonprofit organization based in Flemington, NJ, classified under NTEE code P72Z. The organization reported total revenue of $242K and total assets of $376K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friendship Center For New Beginnings Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friendship Center For New Beginnings Inc is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $149K |
| Total Expenses | $181K |
| Surplus / Deficit | $-31,252 |
| Total Assets | $307K |
| Net Assets | $307K |
| Operating Margin | -20.9% |
| Months of Reserves | 20.4 months |
Financial Health Grade: B
In 2023, Friendship Center For New Beginnings Inc reported a deficit of $31K with expenses exceeding revenue, holds 20.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Friendship Center For New Beginnings Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.2% | +6.3% | -20.0% |
| 2022 | -5.0% | +16.3% | -12.2% |
| 2021 | +5.3% | +10.8% | — |
| 2020 | -4.6% | -21.0% | -100.0% |
| 2019 | +62.2% | -0.6% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friendship Center For New Beginnings Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Friendship Center For New Beginnings Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, suggesting it is either minimal or not separately reported in the available summaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Friendship Center For New Beginnings Inc's IRS 990 filings:
- Total revenue has shown a consistent decline from $218,510 in 2017 to $149,450 in 2023.
- Total assets have decreased significantly from $468,534 in 2017 to $306,815 in 2023.
- The organization's financial health appears to be deteriorating based on the downward trends in revenue and assets.
Strengths
The following positive indicators were identified for Friendship Center For New Beginnings Inc:
- Consistent filing of financial data with the IRS.
Frequently Asked Questions about Friendship Center For New Beginnings Inc
Is Friendship Center For New Beginnings Inc a legitimate charity?
Friendship Center For New Beginnings Inc (EIN: 222492357) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $242K. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Friendship Center For New Beginnings Inc spend its money?
Friendship Center For New Beginnings Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Friendship Center For New Beginnings Inc tax-deductible?
Friendship Center For New Beginnings Inc is registered as a tax-exempt nonprofit (EIN: 222492357). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friendship Center For New Beginnings Inc's spending goes to programs?
Friendship Center For New Beginnings Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friendship Center For New Beginnings Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Friendship Center For New Beginnings Inc is above average for NTEE category P72Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friendship Center For New Beginnings Inc located?
Friendship Center For New Beginnings Inc is headquartered in Flemington, New Jersey and files with the IRS under EIN 222492357. It is classified under NTEE code P72Z.
How many years of IRS 990 filings does Friendship Center For New Beginnings Inc have?
Friendship Center For New Beginnings Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $242K in total revenue.
What does Friendship Center For New Beginnings Inc do?
Friendship Center For New Beginnings Inc is a nonprofit organization in the Human Services sector, located in Flemington, New Jersey. It is classified under NTEE code P72Z.
How much revenue does Friendship Center For New Beginnings Inc have?
Friendship Center For New Beginnings Inc reported total revenue of $241,520. Based on 13 IRS 990 filings on record.
What are Friendship Center For New Beginnings Inc's total assets?
Friendship Center For New Beginnings Inc holds total assets of $376,491 as reported in IRS 990 filings.
Where is Friendship Center For New Beginnings Inc located?
Friendship Center For New Beginnings Inc is based in Flemington, New Jersey.
What is Friendship Center For New Beginnings Inc's EIN?
Friendship Center For New Beginnings Inc's Employer Identification Number (EIN) is 222492357. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Friendship Center For New Beginnings Inc?
Friendship Center For New Beginnings Inc is classified under NTEE code P72Z (Human Services).
Is Friendship Center For New Beginnings Inc a registered 501(c)(3)?
Yes, Friendship Center For New Beginnings Inc is recognized as a tax-exempt organization by the IRS. EIN: 222492357.
Does Friendship Center For New Beginnings Inc file IRS Form 990?
Yes, Friendship Center For New Beginnings Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Friendship Center For New Beginnings Inc's revenue in 2023?
In the 202312 filing period, Friendship Center For New Beginnings Inc reported total revenue of $149,450, total expenses of $180,702, and net assets of $306,815.
Is Friendship Center For New Beginnings Inc's revenue growing or declining?
Friendship Center For New Beginnings Inc's revenue is declining. Revenue went from $178,240 (202212) to $149,450 (202312), a -16.2% change. Based on 13 filings on record.
What is Friendship Center For New Beginnings Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Friendship Center For New Beginnings Inc covers tax period 202312. It shows revenue of $149,450, expenses of $180,702, total assets of $306,815, and liabilities of N/A.
How much does Friendship Center For New Beginnings Inc spend on programs vs administration?
Based on IRS 990 analysis, Friendship Center For New Beginnings Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Friendship Center For New Beginnings Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Friendship Center For New Beginnings Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 1 strength noted.
What are the red flags for Friendship Center For New Beginnings Inc?
The following concerns were identified: Total revenue has shown a consistent decline from $218,510 in 2017 to $149,450 in 2023.. Total assets have decreased significantly from $468,534 in 2017 to $306,815 in 2023.. The organization's financial health appears to be deteriorating based on the downward trends in revenue and assets.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Friendship Center For New Beginnings Inc's strengths?
Positive indicators for Friendship Center For New Beginnings Inc include: Consistent filing of financial data with the IRS.. These findings are derived from AI analysis of the organization's financial filings.
How does Friendship Center For New Beginnings Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, suggesting it is either minimal or not separately reported in the available summaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors are contributing to the consistent decline in both revenue and assets over the past several years?
Without more detailed financial statements or operational reports, it's difficult to pinpoint exact causes, but it could indicate challenges in fundraising, program effectiveness, or economic pressures impacting donations.
How does the organization plan to address the sustained decrease in financial resources to ensure long-term sustainability?
The provided data does not include strategic plans or responses to financial trends, making it impossible to assess their approach to sustainability.
Filing History
IRS 990 filing history for Friendship Center For New Beginnings Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friendship Center For New Beginnings Inc's revenue has declined by 27.5%, moving from $206K to $149K. Total assets decreased by 37.5% over the same period, from $491K to $307K. Total functional expenses rose by 1%, from $179K to $181K. In its most recent filing year (2023), Friendship Center For New Beginnings Inc reported a deficit of $31K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $149K | $181K | $307K | $0 | — | View 990 |
| 2022 | $178K | $170K | $384K | $0 | — | View 990 |
| 2021 | $188K | $146K | $437K | $0 | — | View 990 |
| 2020 | $178K | $132K | $0 | $0 | — | — |
| 2019 | $187K | $167K | $405K | $0 | — | View 990 |
| 2018 | $115K | $168K | $416K | $0 | — | View 990 |
| 2017 | $219K | $191K | $469K | $0 | — | View 990 |
| 2016 | $209K | $159K | $471K | $0 | — | View 990 |
| 2015 | $167K | $180K | $0 | $0 | — | View 990 |
| 2014 | $232K | $184K | $489K | $0 | — | View 990 |
| 2013 | $185K | $187K | $483K | $0 | — | View 990 |
| 2012 | $203K | $166K | $484K | $0 | — | View 990 |
| 2011 | $206K | $179K | $491K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $149K, expenses of $181K, and assets of $307K (revenue -16.2% year-over-year).
- 2022: Revenue of $178K, expenses of $170K, and assets of $384K (revenue -5.0% year-over-year).
- 2021: Revenue of $188K, expenses of $146K, and assets of $437K (revenue +5.3% year-over-year).
- 2020: Revenue of $178K, expenses of $132K, and assets of $0 (revenue -4.6% year-over-year).
- 2019: Revenue of $187K, expenses of $167K, and assets of $405K (revenue +62.2% year-over-year).
- 2018: Revenue of $115K, expenses of $168K, and assets of $416K (revenue -47.4% year-over-year).
- 2017: Revenue of $219K, expenses of $191K, and assets of $469K (revenue +4.7% year-over-year).
- 2016: Revenue of $209K, expenses of $159K, and assets of $471K (revenue +24.8% year-over-year).
- 2015: Revenue of $167K, expenses of $180K, and assets of $0 (revenue -27.9% year-over-year).
- 2014: Revenue of $232K, expenses of $184K, and assets of $489K (revenue +25.6% year-over-year).
- 2013: Revenue of $185K, expenses of $187K, and assets of $483K (revenue -9.1% year-over-year).
- 2012: Revenue of $203K, expenses of $166K, and assets of $484K (revenue -1.3% year-over-year).
- 2011: Revenue of $206K, expenses of $179K, and assets of $491K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friendship Center For New Beginnings Inc:
Data Sources and Methodology
This transparency report for Friendship Center For New Beginnings Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.