New Beginnings Academy Inc
New Beginnings Academy Inc. operates on a lean budget with minimal assets and no officer compensation.
EIN: 205360728 · St George, UT · NTEE: P30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $139K |
| Total Expenses | $110K |
| Program Spending | 85% |
| Net Assets | $5K |
| Transparency Score | 75/100 |
Is New Beginnings Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Beginnings Academy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Beginnings Academy Inc
New Beginnings Academy Inc (EIN: 205360728) is a nonprofit organization based in St George, UT, classified under NTEE code P30. The organization reported total revenue of $139K and total assets of $924 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Beginnings Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Beginnings Academy Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $108K |
| Total Expenses | $110K |
| Surplus / Deficit | $-2,407 |
| Total Assets | $5K |
| Net Assets | $5K |
| Operating Margin | -2.2% |
| Months of Reserves | 0.5 months |
Financial Health Grade: C
In 2023, New Beginnings Academy Inc reported a deficit of $2K with expenses exceeding revenue, holds 0.5 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2014–2023), New Beginnings Academy Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +53.2% | +29.5% | -34.3% |
| 2022 | -18.6% | +1.5% | -67.7% |
| 2021 | -12.3% | -0.8% | +13.5% |
| 2020 | +23.0% | -17.7% | +272.9% |
| 2019 | -12.4% | +16.1% | -81.4% |
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 Beginnings Academy Inc with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New Beginnings Academy Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size.
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 Beginnings Academy Inc's IRS 990 filings:
- Very low asset base ($924 latest) indicates minimal financial reserves.
- Frequent operation at or near break-even, with expenses sometimes exceeding revenue (e.g., 2023, 2022, 2019), could pose cash flow challenges.
Strengths
The following positive indicators were identified for New Beginnings Academy Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds.
- No reported liabilities across all filings, demonstrating strong financial management and lack of debt.
- Long and consistent filing history (10 filings), showing commitment to transparency.
Frequently Asked Questions about New Beginnings Academy Inc
Is New Beginnings Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Beginnings Academy Inc (EIN: 205360728) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does New Beginnings Academy Inc spend its money?
New Beginnings Academy Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Beginnings Academy Inc tax-deductible?
New Beginnings Academy Inc is registered as a tax-exempt nonprofit (EIN: 205360728). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Beginnings Academy Inc's spending goes to programs?
New Beginnings Academy Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Beginnings Academy Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), New Beginnings Academy Inc is above average for NTEE category P30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Beginnings Academy Inc located?
New Beginnings Academy Inc is headquartered in St George, Utah and files with the IRS under EIN 205360728. It is classified under NTEE code P30.
How many years of IRS 990 filings does New Beginnings Academy Inc have?
New Beginnings Academy 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 $139K in total revenue.
Is New Beginnings Academy Inc. a good charity?
Based on the available data, New Beginnings Academy Inc. appears to be a fiscally responsible organization with no liabilities and no officer compensation, suggesting a strong commitment to its mission. Its lean operations and consistent filing history are positive indicators.
How does New Beginnings Academy Inc. manage its finances given its low asset base?
The organization consistently operates with very low assets, often just a few thousand dollars, and frequently spends close to its annual revenue. This suggests a 'just-in-time' financial model, relying on current income to cover immediate expenses rather than building significant reserves.
What is the trend in New Beginnings Academy Inc.'s revenue?
Revenue has fluctuated, with a peak of $265,508 in 2015, but has generally trended downwards in recent years, from $115,091 in 2016 to $107,810 in 2023, with a low of $70,394 in 2022.
Filing History
IRS 990 filing history for New Beginnings Academy Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), New Beginnings Academy Inc's revenue has declined by 24.7%, moving from $143K to $108K. Total assets increased by 1620.9% over the same period, from $268 to $5K. Total functional expenses fell by 23.3%, from $144K to $110K. In its most recent filing year (2023), New Beginnings Academy Inc reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $108K | $110K | $5K | $0 | — | — |
| 2022 | $70K | $85K | $7K | $0 | — | View 990 |
| 2021 | $86K | $84K | $22K | $0 | — | View 990 |
| 2020 | $99K | $85K | $19K | $0 | — | — |
| 2019 | $80K | $103K | $5K | $0 | — | View 990 |
| 2018 | $92K | $88K | $28K | $0 | — | View 990 |
| 2017 | $100K | $100K | $25K | $0 | — | View 990 |
| 2016 | $115K | $117K | $24K | $0 | — | View 990 |
| 2015 | $266K | $239K | $27K | $0 | — | View 990 |
| 2014 | $143K | $144K | $268 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $108K, expenses of $110K, and assets of $5K (revenue +53.2% year-over-year).
- 2022: Revenue of $70K, expenses of $85K, and assets of $7K (revenue -18.6% year-over-year).
- 2021: Revenue of $86K, expenses of $84K, and assets of $22K (revenue -12.3% year-over-year).
- 2020: Revenue of $99K, expenses of $85K, and assets of $19K (revenue +23.0% year-over-year).
- 2019: Revenue of $80K, expenses of $103K, and assets of $5K (revenue -12.4% year-over-year).
- 2018: Revenue of $92K, expenses of $88K, and assets of $28K (revenue -8.9% year-over-year).
- 2017: Revenue of $100K, expenses of $100K, and assets of $25K (revenue -12.8% year-over-year).
- 2016: Revenue of $115K, expenses of $117K, and assets of $24K (revenue -56.7% year-over-year).
- 2015: Revenue of $266K, expenses of $239K, and assets of $27K (revenue +85.4% year-over-year).
- 2014: Revenue of $143K, expenses of $144K, and assets of $268.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Beginnings Academy Inc:
Data Sources and Methodology
This transparency report for New Beginnings Academy 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.