Business Network of Emergency Resources Inc

Analysis

Business Network of Emergency Resources Inc is a registered charity in United States, based in New Paltz, NY. It received its IRS tax-exemption ruling in July 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Business Network of Emergency Resources Inc reported income of $438k and spending of $468k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $431k to $438k (+1.6%), an average of +0.4% a year. The sharpest change came in the year to December 2020, when income rose by 71%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Business Network of Emergency Resources Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Carteret County Domestic Violence Program Inc ($438k), Culturehouse Incorporated ($438k) and BLCK Street ($438k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $75k (16% of expenses). Other salaries and wages came to $160k. At year end it held assets of $885k against liabilities of $2,216, net assets of $883k. It reported 4 employees.