Bestself Foundation Inc

Analysis

Bestself Foundation Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bestself Foundation Inc reported income of $1.5m and spending of $1.7m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $261k to $1.5m (+469%), an average of +54% a year. The sharpest change came in the year to December 2022, when income rose by 517%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bestself Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include New Mercy Outreach Inc ($1.5m), Hope Rising Pregnancy Center Inc ($1.5m) and Operaton Care Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $1.5m against liabilities of $348k, net assets of $1.1m.