New Beginnings Reentry Services Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 388,836 | 82,880 | 305,956 | 44.5 | 32% |
| 2021 | 277,868 | 185,540 | 92,328 | 25.9 | 48% |
| 2022 | 1,009,312 | 984,733 | 24,579 | 5.2 | 47% |
| 2023 | 827,209 | 832,699 | −5,490 | 6.0 | 47% |
In its most recent public year (2023), this organization spent $5,490 more than it brought in. Its reserves stood at about 6 months of spending, down from 44.5 in 2020. Staff pay was 47% of spending. $80,000 of its net assets are donor-restricted.
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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