Little Bit Foundation

Analysis

Little Bit Foundation is a registered charity in United States, based in Maryland HTS, MO. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Little Bit Foundation reported income of $3.5m and spending of $4.3m, spending 121% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $5.3m to $3.5m (-33%), an average of -13% a year. The sharpest change came in the year to June 2022, when income dropped by 29%. 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, Little Bit Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MO. Charities of a similar size with the same main cause include Hummingbird Child & Adult Nutrition ($3.5m), Food Bank Association of New York State ($3.5m) and Berks Coalition to End Homelessness ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 128% of the total. Compensation of current officers, directors and key employees was $209k (4.9% of expenses). Other salaries and wages came to $1.6m. It paid $16k in professional fundraising fees. At year end it held assets of $9.8m against liabilities of $908k, net assets of $8.9m. It reported 39 employees.