New Beginning Christian Outreach Ministries
EIN: 263085945 · Florence, SC · NTEE: P50
| Metric | Value |
|---|---|
| Total Revenue | $110K |
| Total Expenses | $67K |
| Net Assets | $145K |
Is New Beginning Christian Outreach Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Beginning Christian Outreach Ministries
New Beginning Christian Outreach Ministries (EIN: 263085945) is a nonprofit organization based in Florence, SC, classified under NTEE code P50. The organization reported total revenue of $110K and total assets of $186K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Beginning Christian Outreach Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Beginning Christian Outreach Ministries is a small nonprofit that has been operating for 6 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $107K |
| Total Expenses | $67K |
| Surplus / Deficit | +$40K |
| Total Assets | $145K |
| Net Assets | $145K |
| Operating Margin | 37.1% |
| Months of Reserves | 25.8 months |
Financial Health Grade: A
In 2023, New Beginning Christian Outreach Ministries reported a surplus of $40K with revenue exceeding expenses, holds 25.8 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2023), New Beginning Christian Outreach Ministries's revenue has declined at a compound annual growth rate (CAGR) of -2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.0% | +2.6% | +37.9% |
| 2022 | +3.0% | +1.3% | +55.2% |
| 2021 | +3.0% | +0.4% | +108.2% |
| 2020 | -19.0% | -15.5% | -25.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Beginning Christian Outreach Ministries has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Beginning Christian Outreach Ministries with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $40K, with revenue exceeding expenses.
Frequently Asked Questions about New Beginning Christian Outreach Ministries
Is New Beginning Christian Outreach Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, New Beginning Christian Outreach Ministries (EIN: 263085945) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Beginning Christian Outreach Ministries spend its money?
Detailed spending breakdown data is not yet available for New Beginning Christian Outreach Ministries. Check back for updated IRS 990 analysis.
Are donations to New Beginning Christian Outreach Ministries tax-deductible?
New Beginning Christian Outreach Ministries is registered as a tax-exempt nonprofit (EIN: 263085945). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Beginning Christian Outreach Ministries located?
New Beginning Christian Outreach Ministries is headquartered in Florence, South Carolina and files with the IRS under EIN 263085945. It is classified under NTEE code P50.
How many years of IRS 990 filings does New Beginning Christian Outreach Ministries have?
New Beginning Christian Outreach Ministries has 5 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 $110K in total revenue.
Filing History
IRS 990 filing history for New Beginning Christian Outreach Ministries showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), New Beginning Christian Outreach Ministries's revenue has declined by 10.6%, moving from $120K to $107K. Total assets increased by 233.2% over the same period, from $43K to $145K. Total functional expenses fell by 11.8%, from $76K to $67K. In its most recent filing year (2023), New Beginning Christian Outreach Ministries reported a surplus of $40K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $107K | $67K | $145K | $0 | — | View 990 |
| 2022 | $103K | $66K | $105K | $0 | — | View 990 |
| 2021 | $100K | $65K | $68K | $0 | — | View 990 |
| 2020 | $97K | $65K | $33K | $0 | — | View 990 |
| 2019 | $120K | $76K | $43K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $107K, expenses of $67K, and assets of $145K (revenue +4.0% year-over-year).
- 2022: Revenue of $103K, expenses of $66K, and assets of $105K (revenue +3.0% year-over-year).
- 2021: Revenue of $100K, expenses of $65K, and assets of $68K (revenue +3.0% year-over-year).
- 2020: Revenue of $97K, expenses of $65K, and assets of $33K (revenue -19.0% year-over-year).
- 2019: Revenue of $120K, expenses of $76K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Beginning Christian Outreach Ministries:
Data Sources and Methodology
This transparency report for New Beginning Christian Outreach Ministries 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.