New Beginnings Incorporation New Beginnings Transitional Services
EIN: 264716135 · Las Vegas, NV · NTEE: L41
| Metric | Value |
|---|---|
| Total Revenue | $103K |
| Total Expenses | $103K |
| Net Assets | $6K |
Is New Beginnings Incorporation New Beginnings Transitional Services 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 Incorporation New Beginnings Transitional Services
New Beginnings Incorporation New Beginnings Transitional Services (EIN: 264716135) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code L41. The organization reported total revenue of $103K and total assets of $109K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Beginnings Incorporation New Beginnings Transitional Services's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Beginnings Incorporation New Beginnings Transitional Services is a small nonprofit that has been operating for 17 years, with 3 years of IRS 990 filings on record (2019–2021). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $103K |
| Surplus / Deficit | +$1 |
| Total Assets | $109K |
| Total Liabilities | $103K |
| Net Assets | $6K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 94.7% |
| Months of Reserves | 12.7 months |
Financial Health Grade: B
In 2021, New Beginnings Incorporation New Beginnings Transitional Services reported a surplus of $1 with revenue exceeding expenses, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 94.7% (high leverage).
Financial Trends
Over 3 years of filings (2019–2021), New Beginnings Incorporation New Beginnings Transitional Services's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -21.8% | +7.4% | +162.2% |
| 2020 | +50.6% | +17.2% | +623.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Beginnings Incorporation New Beginnings Transitional Services 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 Incorporation New Beginnings Transitional Services 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1, with revenue exceeding expenses.
- Debt-to-asset ratio: 94.7%.
Frequently Asked Questions about New Beginnings Incorporation New Beginnings Transitional Services
Is New Beginnings Incorporation New Beginnings Transitional Services a legitimate charity?
New Beginnings Incorporation New Beginnings Transitional Services (EIN: 264716135) is a registered tax-exempt nonprofit based in Nevada. It has 3 years of IRS 990 filings on record. Total revenue: $103K. No red flags identified. Financial health grade: B.
How does New Beginnings Incorporation New Beginnings Transitional Services spend its money?
New Beginnings Incorporation New Beginnings Transitional Services reported $103K in total revenue in IRS 990 filings. 3 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 Incorporation New Beginnings Transitional Services tax-deductible?
New Beginnings Incorporation New Beginnings Transitional Services is registered as a tax-exempt nonprofit (EIN: 264716135). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Beginnings Incorporation New Beginnings Transitional Services located?
New Beginnings Incorporation New Beginnings Transitional Services is headquartered in Las Vegas, Nevada and files with the IRS under EIN 264716135. It is classified under NTEE code L41.
How many years of IRS 990 filings does New Beginnings Incorporation New Beginnings Transitional Services have?
New Beginnings Incorporation New Beginnings Transitional Services has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $103K in total revenue.
Filing History
IRS 990 filing history for New Beginnings Incorporation New Beginnings Transitional Services showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2019–2021), New Beginnings Incorporation New Beginnings Transitional Services's revenue has grown by 17.8%, moving from $87K to $103K. Total assets increased by 1798.3% over the same period, from $6K to $109K. Total functional expenses rose by 25.8%, from $82K to $103K. In its most recent filing year (2021), New Beginnings Incorporation New Beginnings Transitional Services reported a surplus of $1, with revenue exceeding expenses. The organization holds $103K in liabilities against $109K in assets (debt-to-asset ratio: 94.7%), resulting in net assets of $6K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $103K | $103K | $109K | $103K | — | — |
| 2020 | $132K | $96K | $41K | $0 | — | — |
| 2019 | $87K | $82K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $103K, expenses of $103K, and assets of $109K (revenue -21.8% year-over-year).
- 2020: Revenue of $132K, expenses of $96K, and assets of $41K (revenue +50.6% year-over-year).
- 2019: Revenue of $87K, expenses of $82K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Beginnings Incorporation New Beginnings Transitional Services:
Data Sources and Methodology
This transparency report for New Beginnings Incorporation New Beginnings Transitional Services 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.