New Beginning Ministries International Incorporated
EIN: 631185059 · Dothan, AL · NTEE: X20Z
| Metric | Value |
|---|---|
| Total Revenue | $902K |
| Total Expenses | $578K |
| Net Assets | $11.8M |
Is New Beginning Ministries International Incorporated 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 Ministries International Incorporated
New Beginning Ministries International Incorporated (EIN: 631185059) is a nonprofit organization based in Dothan, AL, classified under NTEE code X20Z. The organization reported total revenue of $902K and total assets of $13.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Beginning Ministries International Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Beginning Ministries International Incorporated is a small nonprofit that has been operating for 28 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 34.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $902K |
| Total Expenses | $578K |
| Surplus / Deficit | +$323K |
| Total Assets | $13.4M |
| Total Liabilities | $1.6M |
| Net Assets | $11.8M |
| Operating Margin | 35.9% |
| Debt-to-Asset Ratio | 11.7% |
| Months of Reserves | 278.3 months |
Financial Health Grade: A
In 2023, New Beginning Ministries International Incorporated reported a surplus of $323K with revenue exceeding expenses, holds 278.3 months of operating reserves (strong position), has a debt-to-asset ratio of 11.7% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), New Beginning Ministries International Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 34.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.0% | -23.0% | — |
| 2022 | +75.8% | +84.2% | -100.0% |
| 2021 | +26.8% | +8.7% | +61.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Beginning Ministries International Incorporated 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 Ministries International Incorporated 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 $323K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.7%.
Frequently Asked Questions about New Beginning Ministries International Incorporated
Is New Beginning Ministries International Incorporated a legitimate charity?
New Beginning Ministries International Incorporated (EIN: 631185059) is a registered tax-exempt nonprofit based in Alabama. It has 4 years of IRS 990 filings on record. Total revenue: $902K. No red flags identified. Financial health grade: A.
How does New Beginning Ministries International Incorporated spend its money?
New Beginning Ministries International Incorporated reported $902K in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Beginning Ministries International Incorporated tax-deductible?
New Beginning Ministries International Incorporated is registered as a tax-exempt nonprofit (EIN: 631185059). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Beginning Ministries International Incorporated located?
New Beginning Ministries International Incorporated is headquartered in Dothan, Alabama and files with the IRS under EIN 631185059. It is classified under NTEE code X20Z.
How many years of IRS 990 filings does New Beginning Ministries International Incorporated have?
New Beginning Ministries International Incorporated has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $902K in total revenue.
Filing History
IRS 990 filing history for New Beginning Ministries International Incorporated showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), New Beginning Ministries International Incorporated's revenue has grown by 145.2%, moving from $368K to $902K. Total assets increased by 36738.5% over the same period, from $36K to $13.4M. Total functional expenses rose by 54.2%, from $375K to $578K. In its most recent filing year (2023), New Beginning Ministries International Incorporated reported a surplus of $323K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $13.4M in assets (debt-to-asset ratio: 11.7%), resulting in net assets of $11.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $902K | $578K | $13.4M | $1.6M | — | — |
| 2022 | $820K | $751K | $0 | $0 | — | — |
| 2021 | $466K | $408K | $59K | $0 | — | View 990 |
| 2020 | $368K | $375K | $36K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $902K, expenses of $578K, and assets of $13.4M (revenue +10.0% year-over-year).
- 2022: Revenue of $820K, expenses of $751K, and assets of $0 (revenue +75.8% year-over-year).
- 2021: Revenue of $466K, expenses of $408K, and assets of $59K (revenue +26.8% year-over-year).
- 2020: Revenue of $368K, expenses of $375K, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Beginning Ministries International Incorporated:
Data Sources and Methodology
This transparency report for New Beginning Ministries International Incorporated 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.