Association for Benevolent Care Inc

Analysis

Association for Benevolent Care Inc is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in December 1969, 57 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Association for Benevolent Care Inc reported income of $374k and spending of $286k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $464k to $374k (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Association for Benevolent Care Inc 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 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Cooke County United Way Inc ($374k), Parson of the Hills Foundation Inc ($374k) and Waunakee Ecumenical Board Inc ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $2,462 (0.9% of expenses). Other salaries and wages came to $26k. At year end it held assets of $3.6m against liabilities of $5,000, net assets of $3.6m.