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

$10.1MRevenue

$8.3MAssets

95/100Mission Score (Excellent)

P99

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.

AI Transparency Report

New Beginnings Inc. demonstrates strong financial growth and appears to be in a healthy financial position. Over the past decade, the organization has seen its revenue grow significantly from $1,376,357 in 2015 to $10,331,950 in 2024, indicating robust fundraising or program expansion. Its assets have also grown substantially, reaching $7,901,280 in 2024, which provides a solid financial foundation. The organization consistently reports 0% officer compensation, which is a significant indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries.

The organization's spending efficiency is commendable, with expenses generally well below revenue, allowing for asset accumulation. For instance, in 2024, expenses were $8,416,736 against revenues of $10,331,950, leaving a substantial surplus. The consistent reporting of zero officer compensation across all available filings suggests a high degree of financial transparency regarding executive pay, though a detailed breakdown of program, administrative, and fundraising expenses would provide a more complete picture of spending efficiency. Overall, New Beginnings Inc. exhibits strong financial health and a transparent approach to executive compensation.

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.

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 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.	PDF
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.

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.