New Beginnings Ministries Inc
EIN: 581847666 · Houston, AR
| Metric | Value |
|---|---|
| Total Expenses | $195K |
| Net Assets | $84K |
Is New Beginnings Ministries 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 Ministries Inc
New Beginnings Ministries Inc (EIN: 581847666) is a nonprofit organization based in Houston, AR. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Beginnings Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Beginnings Ministries Inc is a small nonprofit, with 2 years of IRS 990 filings on record (2014–2015).
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $279K |
| Total Expenses | $195K |
| Surplus / Deficit | +$84K |
| Total Assets | $85K |
| Total Liabilities | $2K |
| Net Assets | $84K |
| Operating Margin | 30.1% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 5.3 months |
Financial Health Grade: A
In 2015, New Beginnings Ministries Inc reported a surplus of $84K with revenue exceeding expenses, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 1.8% (very low leverage).
AI Analysis Pending
AI enrichment for New Beginnings Ministries 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 Ministries 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $84K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.8%.
Frequently Asked Questions about New Beginnings Ministries Inc
Is New Beginnings Ministries Inc a legitimate charity?
New Beginnings Ministries Inc (EIN: 581847666) is a registered tax-exempt nonprofit based in Arkansas. It has 2 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does New Beginnings Ministries Inc spend its money?
New Beginnings Ministries Inc reported its financials in IRS 990 filings. 2 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 Ministries Inc tax-deductible?
New Beginnings Ministries Inc is registered as a tax-exempt nonprofit (EIN: 581847666). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Beginnings Ministries Inc located?
New Beginnings Ministries Inc is headquartered in Houston, Arkansas and files with the IRS under EIN 581847666.
How many years of IRS 990 filings does New Beginnings Ministries Inc have?
New Beginnings Ministries Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for New Beginnings Ministries Inc showing financial trends over 2 years of public records:
Total assets increased by 8533900% over the same period, from $1 to $85K. In its most recent filing year (2015), New Beginnings Ministries Inc reported a surplus of $84K, with revenue exceeding expenses. The organization holds $2K in liabilities against $85K in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $84K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $279K | $195K | $85K | $2K | — | View 990 |
| 2014 | $0 | $0 | $1 | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Beginnings Ministries Inc:
Data Sources and Methodology
This transparency report for New Beginnings Ministries 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.