Benefits Management Inc

Analysis

Benefits Management Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in September 2005, 21 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, Benefits Management Inc reported income of $486k and spending of $485k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $421k to $486k (+15%), an average of +3.7% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Benefits Management Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Morris Professional Child Care Services Inc ($486k), Broken Arrow Seniors Incorporated ($486k) and 3rd Mile Incorporated ($486k).

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 $193k (40% of expenses). Other salaries and wages came to $146k. At year end it held assets of $3,950 against liabilities of $0, net assets of $3,950. It reported 6 employees.