Society to Benefit Everyone Inc

Analysis

Society to Benefit Everyone Inc is a registered charity in United States, based in Ashfield, MA. It received its IRS tax-exemption ruling in August 2007, 19 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 June 2023, Society to Benefit Everyone Inc reported income of $285k and spending of $384k, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $35k to $285k (+714%), an average of +69% a year. The sharpest change came in the year to June 2022, when income rose by 477%. Over the whole period it spent 115% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Society to Benefit Everyone Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Open Arms Rape Crisis Center & LGBT Services ($285k), Building & Construction Workforce Center ($285k) and Yuma Multiversity Campus Corporation ($285k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $36k (9.4% of expenses). Other salaries and wages came to $194k. At year end it held assets of $962k against liabilities of $618k, net assets of $344k. It reported 10 employees.