Bestself Properties Inc

Analysis

Bestself Properties Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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 Properties Inc reported income of $571k and spending of $771k, spending 135% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $30k to $571k (+1809%), an average of +80% a year. The sharpest change came in the year to December 2021, when income rose by 225%. Over the whole period it spent 163% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bestself Properties Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Ascentria Care Alliance Inc ($571k), United Tribes of Kansas & Southeast Nebraska ($571k) and Breakwater Sailing Center Inc ($571k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $18.7m against liabilities of $19.6m, net assets of -$928k.

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.