New Beginning Resources Inc
New Beginning Resources Inc maintains stable finances with zero reported officer compensation.
EIN: 200432677 · Porter, TX · NTEE: T23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1,231,231 |
| Net Assets | $767K |
| Transparency Score | 92/100 |
Is New Beginning Resources Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Beginning Resources Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Beginning Resources Inc
New Beginning Resources Inc (EIN: 200432677) is a nonprofit organization based in Porter, TX, classified under NTEE code T23. The organization reported total revenue of $1.1M and total assets of $742K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Beginning Resources Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Beginning Resources Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-43,772 |
| Total Assets | $767K |
| Total Liabilities | $1 |
| Net Assets | $767K |
| Operating Margin | -3.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 7.2 months |
Financial Health Grade: B
In 2023, New Beginning Resources Inc reported a deficit of $44K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), New Beginning Resources Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.7% | -8.6% | -4.5% |
| 2022 | +11.0% | +13.9% | +9.0% |
| 2021 | +66.6% | +70.5% | +9.0% |
| 2020 | -16.9% | -20.8% | +1.1% |
| 2019 | +34.1% | +10.7% | -27.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 New Beginning Resources Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, New Beginning Resources Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size (latest revenue $1,231,231) and suggests a volunteer-led or highly efficient operational model.
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 New Beginning Resources Inc's IRS 990 filings:
- Latest expenses slightly exceeded revenue ($1,275,003 vs $1,231,231 in 2023), though this is a minor fluctuation.
Strengths
The following positive indicators were identified for New Beginning Resources Inc:
- Consistent reporting of 0% officer compensation across all filings.
- Healthy asset growth from $331,908 in 2011 to $767,195 in 2023.
- Very low liabilities in recent years, often reported as $1.
- Significant revenue growth over the past decade, from $416,538 in 2011 to $1,231,231 in 2023.
- Stable financial operations with expenses generally in line with revenue.
Frequently Asked Questions about New Beginning Resources Inc
Is New Beginning Resources Inc a legitimate charity?
New Beginning Resources Inc (EIN: 200432677) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.1M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does New Beginning Resources Inc spend its money?
New Beginning Resources Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to New Beginning Resources Inc tax-deductible?
New Beginning Resources Inc is registered as a tax-exempt nonprofit (EIN: 200432677). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Beginning Resources Inc CEO make?
New Beginning Resources Inc's highest-compensated officer earns $1,231,231 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Beginning Resources Inc's spending goes to programs?
New Beginning Resources Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Beginning Resources Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), New Beginning Resources Inc is above average for NTEE category T23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Beginning Resources Inc located?
New Beginning Resources Inc is headquartered in Porter, Texas and files with the IRS under EIN 200432677. It is classified under NTEE code T23.
How many years of IRS 990 filings does New Beginning Resources Inc have?
New Beginning Resources Inc has 10 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 $1.1M in total revenue.
Is New Beginning Resources Inc a good charity?
Based on the provided data, New Beginning Resources Inc appears to be a very good charity. It consistently reports zero officer compensation, maintains a healthy asset base, and has low liabilities, all indicating strong financial stewardship and a focus on its mission.
How has New Beginning Resources Inc's revenue trended over time?
New Beginning Resources Inc has shown significant revenue growth, increasing from $416,538 in 2011 to $1,231,231 in 2023, with some fluctuations but a clear upward trajectory over the decade.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting a volunteer-driven leadership or that executive roles are compensated through other means not classified as officer compensation, which is a strong indicator of resource allocation to programs.
Filing History
IRS 990 filing history for New Beginning Resources Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), New Beginning Resources Inc's revenue has grown by 195.6%, moving from $417K to $1.2M. Total assets increased by 131.1% over the same period, from $332K to $767K. Total functional expenses rose by 224.2%, from $393K to $1.3M. In its most recent filing year (2023), New Beginning Resources Inc reported a deficit of $44K, with expenses exceeding revenue. The organization holds $1 in liabilities against $767K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $767K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.3M | $767K | $1 | — | — |
| 2022 | $1.4M | $1.4M | $803K | $1 | — | View 990 |
| 2021 | $1.3M | $1.2M | $737K | $36 | — | View 990 |
| 2020 | $772K | $718K | $676K | $5K | — | View 990 |
| 2019 | $929K | $907K | $669K | $2K | — | View 990 |
| 2015 | $693K | $819K | $926K | $177K | — | View 990 |
| 2014 | $820K | $753K | $926K | $85K | — | View 990 |
| 2013 | $664K | $714K | $1.1M | $110K | — | View 990 |
| 2012 | $587K | $531K | $498K | $190K | — | View 990 |
| 2011 | $417K | $393K | $332K | $183K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.3M, and assets of $767K (revenue -13.7% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $803K (revenue +11.0% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.2M, and assets of $737K (revenue +66.6% year-over-year).
- 2020: Revenue of $772K, expenses of $718K, and assets of $676K (revenue -16.9% year-over-year).
- 2019: Revenue of $929K, expenses of $907K, and assets of $669K (revenue +34.1% year-over-year).
- 2015: Revenue of $693K, expenses of $819K, and assets of $926K (revenue -15.5% year-over-year).
- 2014: Revenue of $820K, expenses of $753K, and assets of $926K (revenue +23.4% year-over-year).
- 2013: Revenue of $664K, expenses of $714K, and assets of $1.1M (revenue +13.1% year-over-year).
- 2012: Revenue of $587K, expenses of $531K, and assets of $498K (revenue +41.0% year-over-year).
- 2011: Revenue of $417K, expenses of $393K, and assets of $332K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Beginning Resources Inc:
Data Sources and Methodology
This transparency report for New Beginning Resources 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.