Invest for Better Inc

Analysis

Invest for Better Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Invest for Better Inc reported income of $699k and spending of $292k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $157k to $699k (+344%), an average of +344% a year. The sharpest change came in the year to December 2023, when income rose by 344%. Over the whole period it spent 48% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Invest for Better Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Pathfinder Clubhouse ($697k), Live Love ($699k) and Osage Nation Foundation ($697k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. It paid $4,807 in professional fundraising fees. At year end it held assets of $601k against liabilities of $25k, net assets of $577k.