New Beginnings Community Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 373,416 | 379,453 | −6,037 | 3.2 | 2% |
| 2021 | 230,442 | 295,538 | −65,096 | 1.5 | 2% |
| 2022 | 239,189 | 252,473 | −13,284 | 1.1 | 3% |
| 2023 | 284,244 | 287,603 | −3,359 | 0.8 | 3% |
In its most recent public year (2023), this organization spent $3,359 more than it brought in. Its reserves stood at about 0.8 months of spending, down from 3.2 in 2020. Staff pay was 3% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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