New Beginnings Bluegrass Inc
EIN: 611315605 · Lexington, KY · NTEE: F99
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $2.0M |
| Net Assets | $2.8M |
Is New Beginnings Bluegrass Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Beginnings Bluegrass Inc
New Beginnings Bluegrass Inc (EIN: 611315605) is a nonprofit organization based in Lexington, KY, classified under NTEE code F99. The organization reported total revenue of $3.2M and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Beginnings Bluegrass Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Beginnings Bluegrass Inc is a mid-size nonprofit that has been operating for 28 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$286K |
| Total Assets | $3.7M |
| Total Liabilities | $846K |
| Net Assets | $2.8M |
| Operating Margin | 12.3% |
| Debt-to-Asset Ratio | 23.0% |
| Months of Reserves | 21.7 months |
Financial Health Grade: A
In 2023, New Beginnings Bluegrass Inc reported a surplus of $286K with revenue exceeding expenses, holds 21.7 months of operating reserves (strong position), has a debt-to-asset ratio of 23.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), New Beginnings Bluegrass Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.3% | +17.8% | +11.3% |
| 2022 | -9.1% | +7.9% | -1.1% |
| 2021 | +25.0% | +11.3% | +29.4% |
| 2020 | +5.7% | +6.9% | +13.2% |
| 2019 | +11.0% | +4.8% | +6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Beginnings Bluegrass Inc 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 Beginnings Bluegrass Inc 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 $286K, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.0%.
Frequently Asked Questions about New Beginnings Bluegrass Inc
Is New Beginnings Bluegrass Inc a legitimate charity?
New Beginnings Bluegrass Inc (EIN: 611315605) is a registered tax-exempt nonprofit based in Kentucky. It has 12 years of IRS 990 filings on record. Total revenue: $3.2M. No red flags identified. Financial health grade: A.
How does New Beginnings Bluegrass Inc spend its money?
New Beginnings Bluegrass Inc reported $3.2M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Beginnings Bluegrass Inc tax-deductible?
New Beginnings Bluegrass Inc is registered as a tax-exempt nonprofit (EIN: 611315605). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Beginnings Bluegrass Inc located?
New Beginnings Bluegrass Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 611315605. It is classified under NTEE code F99.
How many years of IRS 990 filings does New Beginnings Bluegrass Inc have?
New Beginnings Bluegrass Inc has 12 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 $3.2M in total revenue.
Filing History
IRS 990 filing history for New Beginnings Bluegrass Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), New Beginnings Bluegrass Inc's revenue has grown by 145.9%, moving from $946K to $2.3M. Total assets increased by 97% over the same period, from $1.9M to $3.7M. Total functional expenses rose by 112.9%, from $959K to $2.0M. In its most recent filing year (2023), New Beginnings Bluegrass Inc reported a surplus of $286K, with revenue exceeding expenses. The organization holds $846K in liabilities against $3.7M in assets (debt-to-asset ratio: 23.0%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.0M | $3.7M | $846K | — | View 990 |
| 2022 | $1.8M | $1.7M | $3.3M | $757K | — | View 990 |
| 2021 | $1.9M | $1.6M | $3.4M | $834K | — | View 990 |
| 2020 | $1.6M | $1.4M | $2.6M | $417K | — | View 990 |
| 2019 | $1.5M | $1.3M | $2.3M | $232K | — | View 990 |
| 2018 | $1.3M | $1.3M | $2.2M | $226K | — | View 990 |
| 2017 | $1.4M | $1.3M | $2.1M | $245K | — | View 990 |
| 2016 | $1.3M | $1.2M | $2.0M | $218K | — | View 990 |
| 2015 | $1.2M | $1.0M | $2.0M | $234K | — | View 990 |
| 2014 | $930K | $969K | $1.8M | $210K | — | View 990 |
| 2013 | $952K | $1.0M | $1.8M | $186K | — | View 990 |
| 2012 | $946K | $959K | $1.9M | $190K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.0M, and assets of $3.7M (revenue +31.3% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.7M, and assets of $3.3M (revenue -9.1% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.6M, and assets of $3.4M (revenue +25.0% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.4M, and assets of $2.6M (revenue +5.7% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.3M, and assets of $2.3M (revenue +11.0% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.3M, and assets of $2.2M (revenue -3.5% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.3M, and assets of $2.1M (revenue +5.4% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.2M, and assets of $2.0M (revenue +10.4% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.0M, and assets of $2.0M (revenue +27.4% year-over-year).
- 2014: Revenue of $930K, expenses of $969K, and assets of $1.8M (revenue -2.3% year-over-year).
- 2013: Revenue of $952K, expenses of $1.0M, and assets of $1.8M (revenue +0.6% year-over-year).
- 2012: Revenue of $946K, expenses of $959K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Beginnings Bluegrass Inc:
Data Sources and Methodology
This transparency report for New Beginnings Bluegrass 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.