Bebashi - Transition to Hope

Analysis

Bebashi - Transition to Hope is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1987, 39 years ago. 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, Bebashi - Transition to Hope reported income of $16.5m and spending of $15.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $16.5m (+350%), an average of +46% a year. The sharpest change came in the year to June 2023, when income rose by 137%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bebashi - Transition to Hope sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Ascension Depaul Services Fund ($16.5m), Ascension Living St Catherine Laboure Place ($16.5m) and Lewis Memorial Christian Village ($16.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $150k (1.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $7.2m against liabilities of $875k, net assets of $6.4m. It reported 80 employees.