B & B Payee Services

Analysis

B & B Payee Services is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, B & B Payee Services reported income of $590k and spending of $591k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $384k to $590k (+53%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, B & B Payee Services sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Bartimaeus Ministries Dba Lovely VI Llage ($590k), Mid-Atlantic 4r Nutrient Stewardship Association ($590k) and Lydias Place Inc ($589k).

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 $132k (22% of expenses). Other salaries and wages came to $278k. At year end it held assets of $101k against liabilities of $0, net assets of $101k. It reported 6 employees.