Beat the Street Community Center

Analysis

Beat the Street Community Center is a registered charity in United States, based in Meriden, CT. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Beat the Street Community Center reported income of $238k and spending of $211k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $238k (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Beat the Street Community Center sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within CT. Charities of a similar size with the same main cause include Georgetown Baseball Club Inc ($238k), Backwoods Christian Camp Inc ($238k) and Wakefield Soccer Association Inc ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $47k (22% of expenses). Other salaries and wages came to $62k. At year end it held assets of $245k against liabilities of $3,496, net assets of $242k. It reported 12 employees.