New Beginnings For Families Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 39,560 | 14,520 | 25,040 | 20.7 | 0% |
| 2021 | 204,996 | 235,383 | −30,387 | -5.3 | 0% |
| 2022 | 184,996 | 249,508 | −64,512 | -8.1 | 0% |
| 2023 | 100,000 | 242,415 | −142,415 | -15.4 | 0% |
| 2024 | 148,498 | 286,718 | −138,220 | -10.4 | 0% |
In its most recent public year (2024), this organization spent $138,220 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-10.4 months), down from 20.7 in 2018. Staff pay was 0% 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 2024. 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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