Beads for Education Inc a Non-Profit Corporation

Analysis

Beads for Education Inc a Non-Profit Corporation is a registered charity in United States, based in Brookfield, CT. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Beads for Education Inc a Non-Profit Corporation reported income of $535k and spending of $310k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $391k to $535k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beads for Education Inc a Non-Profit Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CT. Charities of a similar size with the same main cause include School for Ethical Education Inc ($535k), Silver Spurs Alumni Association Inc ($535k) and Brooklyn Book Festival Inc ($535k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $96k. At year end it held assets of $1.1m against liabilities of $13k, net assets of $1.0m.