Best Resource Centers Incorporated

Analysis

Best Resource Centers Incorporated is a registered charity in United States, based in Newburgh, NY. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Best Resource Centers Incorporated reported income of $161k and spending of $204k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $384k to $161k (-58%), an average of -20% a year. The sharpest change came in the year to December 2021, when income dropped by 33%. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Best Resource Centers Incorporated sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Friends of Stryke Force Team 2767 ($161k), Lollipop Cooperative Preschool ($161k) and Golden Isles Technical and Careerlearning Inc ($160k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $57k (28% of expenses). Other salaries and wages came to $34k. At year end it held assets of $28k against liabilities of $13k, net assets of $15k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.