New Beginnings Inc
New Beginnings Inc. shows strong revenue growth and zero reported officer compensation over the past decade.
EIN: 113836336 · Windsor Mill, MD · NTEE: P99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.1M |
| Total Expenses | $8.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $7.7M |
| Transparency Score | 95/100 |
Search Intent Cockpit
New Beginnings Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
New Beginnings Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around New Beginnings Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $10.3M and expenses of $8.4M.
Revenue and Expenses
New Beginnings Inc reported $10.3M in revenue and $8.4M in expenses, a surplus of $1.9M.
Executive Compensation
Top officer compensation appears as $10 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
95/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.
Is New Beginnings Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $7.6M (90%) |
Across stored filings, New Beginnings Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 10 stored filing years |
| Peer context | Compare with Main Street Mobile Treatment Associates Inc | Maryland and Human Services context |
Trust Check
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Follow the Money
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Keep the Investigation Moving
New Beginnings Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Beginnings Inc
New Beginnings Inc (EIN: 113836336) is a nonprofit organization based in Windsor Mill, MD, classified under NTEE code P99. The organization reported total revenue of $10.1M and total assets of $8.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Beginnings Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Beginnings Inc is a large nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2015–2024). Revenue has grown at a compound annual rate of 25.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.3M |
| Total Expenses | $8.4M |
| Surplus / Deficit | +$1.9M |
| Total Assets | $7.9M |
| Total Liabilities | $161K |
| Net Assets | $7.7M |
| Operating Margin | 18.5% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 11.3 months |
Financial Health Grade: A
In 2024, New Beginnings Inc reported a surplus of $1.9M with revenue exceeding expenses, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 10 years of filings (2015–2024), New Beginnings Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +20.6% | +45.2% | +80.3% |
| 2023 | +65.6% | +42.6% | +10.4% |
| 2022 | -2.8% | +26.7% | +28.3% |
| 2021 | +41.7% | -3.5% | +98.6% |
| 2020 | +45.9% | +40.1% | +142.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Inc with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, New Beginnings Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
New Beginnings Inc. consistently reports 0% officer compensation across all ten years of its filing history, indicating that no compensation was paid to officers, directors, trustees, or key employees. This suggests a strong commitment to directing financial resources entirely towards its mission, which is highly unusual for an organization of its size with over $10 million in annual revenue.
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 Inc's IRS 990 filings:
- Lack of detailed program vs. administrative vs. fundraising expense breakdown in provided data (though overall efficiency is high)
Strengths
The following positive indicators were identified for New Beginnings Inc:
- Exceptional revenue growth from $1.3M to $10.3M over 10 years
- Consistent reporting of 0% officer compensation, indicating high resource allocation to mission
- Strong asset accumulation, growing from $280K to $7.9M, enhancing long-term stability
- Expenses consistently well below revenue, leading to healthy surpluses
- Low liabilities relative to assets, indicating good financial management
Frequently Asked Questions about New Beginnings Inc
Is New Beginnings Inc a legitimate charity?
New Beginnings Inc (EIN: 113836336) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $10.1M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does New Beginnings Inc spend its money?
New Beginnings Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Beginnings Inc tax-deductible?
New Beginnings Inc is registered as a tax-exempt nonprofit (EIN: 113836336). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Beginnings Inc CEO make?
New Beginnings Inc's highest-compensated officer earns $10 annually. The organization reported $10.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Beginnings Inc's spending goes to programs?
New Beginnings Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Beginnings Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), New Beginnings Inc is above average for NTEE category P99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Beginnings Inc located?
New Beginnings Inc is headquartered in Windsor Mill, Maryland and files with the IRS under EIN 113836336. It is classified under NTEE code P99.
How many years of IRS 990 filings does New Beginnings Inc have?
New Beginnings 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 $10.1M in total revenue.
Is New Beginnings Inc. a good charity?
Based on the available IRS 990 data, New Beginnings Inc. appears to be a very good charity. It demonstrates strong financial growth, healthy asset accumulation, and a remarkable commitment to transparency by reporting zero officer compensation for a decade. This suggests that funds are being directed efficiently towards its mission.
How has New Beginnings Inc.'s financial health changed over time?
New Beginnings Inc. has experienced exceptional financial growth over the past decade. Its revenue surged from $1,376,357 in 2015 to $10,331,950 in 2024, and its assets grew from $280,684 to $7,901,280 in the same period, indicating robust financial health and sustainability.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It means that no salaries or other compensation were paid to the organization's top leadership, which is a strong indicator that all financial resources are being channeled directly into programs and operations, rather than executive pay. This is a rare and positive sign for a charity of this size.
Filing History
IRS 990 filing history for New Beginnings Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2015–2024), New Beginnings Inc's revenue has grown by 650.7%, moving from $1.4M to $10.3M. Total assets increased by 2715% over the same period, from $281K to $7.9M. Total functional expenses rose by 522.5%, from $1.4M to $8.4M. In its most recent filing year (2024), New Beginnings Inc reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $161K in liabilities against $7.9M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $7.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $10.3M | $8.4M | $7.9M | $161K | — | View 990 |
| 2023 | $8.6M | $5.8M | $4.4M | $125K | — | View 990 |
| 2022 | $5.2M | $4.1M | $4.0M | $46K | — | View 990 |
| 2021 | $5.3M | $3.2M | $3.1M | $338K | — | View 990 |
| 2020 | $3.8M | $3.3M | $1.6M | $287K | — | — |
| 2019 | $2.6M | $2.4M | $642K | $12K | — | — |
| 2018 | $2.2M | $2.0M | $300K | $263K | — | View 990 |
| 2017 | $1.9M | $2.1M | $193K | $404K | — | View 990 |
| 2016 | $1.8M | $2.0M | $261K | $310K | — | View 990 |
| 2015 | $1.4M | $1.4M | $281K | $65K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $10.3M, expenses of $8.4M, and assets of $7.9M (revenue +20.6% year-over-year).
- 2023: Revenue of $8.6M, expenses of $5.8M, and assets of $4.4M (revenue +65.6% year-over-year).
- 2022: Revenue of $5.2M, expenses of $4.1M, and assets of $4.0M (revenue -2.8% year-over-year).
- 2021: Revenue of $5.3M, expenses of $3.2M, and assets of $3.1M (revenue +41.7% year-over-year).
- 2020: Revenue of $3.8M, expenses of $3.3M, and assets of $1.6M (revenue +45.9% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.4M, and assets of $642K (revenue +16.1% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.0M, and assets of $300K (revenue +14.9% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.1M, and assets of $193K (revenue +9.7% year-over-year).
- 2016: Revenue of $1.8M, expenses of $2.0M, and assets of $261K (revenue +27.8% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.4M, and assets of $281K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Beginnings Inc:
Data Sources and Methodology
This transparency report for New Beginnings 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.