New Beginnings Hickory

Human Services · Hickory, North Carolina

2425 N Center St, Hickory, NC 28601-1320

EIN: 854102747· Founded: Feb 2021· 5 years active· Filing Year: 2023

Annual Revenue

$338K

Total Expenses

$281K

Total Assets

$243K

Program Spending

40%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$56K

20.0% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$97K

Total Payroll

$154K

55% of total expenses

Where the Money Goes

40%

Programs: 40%

Payroll: 55%

Other overhead: 60%

Program Revenue$111K (33%)

Total Expenses$281K (83%)

Payroll$154K (55%)

Overhead (non-program)60%

Trust Score Breakdown

Program Spending Ratio

40% of expenses go to programs

40%

Revenue & Stability

$338K annual revenue

15%

Executive Compensation

$56K total officer comp (20.0% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$243K in assets

10%

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Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.