B Cos We Care for Our Community

Analysis

B Cos We Care for Our Community is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in July 1969, 57 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, B Cos We Care for Our Community reported income of $407k and spending of $357k, spending 88% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $304k to $407k (+34%), an average of +7.6% a year. The sharpest change came in the year to May 2022, when income rose by 46%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, B Cos We Care for Our Community sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CO. Charities of a similar size with the same main cause include Saint Vincent de Paul-St James-E- Town-Store Inc ($407k), Domestic Abuse Intervention Center ($408k) and Mechanicsburg Learning Center ($407k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $1.8m against liabilities of $7,863, net assets of $1.7m.