Beverly Bootstraps Community Services Inc

Analysis

Beverly Bootstraps Community Services Inc is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Beverly Bootstraps Community Services Inc reported income of $4.2m and spending of $4.3m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.4m to $4.2m (+24%), an average of +7.4% a year. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Beverly Bootstraps Community Services Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Learning Opportunities-Quality Works Inc ($4.2m), Willamette Valley Rehabilitation Center Inc ($4.2m) and MRC Industries Incorporated ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $205k (4.8% of expenses). Other salaries and wages came to $1.5m. It paid $15k in professional fundraising fees. At year end it held assets of $4.8m against liabilities of $708k, net assets of $4.0m. It reported 92 employees.