Belles Lettres Club

Analysis

Belles Lettres Club is a registered charity in United States, based in Oil City, PA. It received its IRS tax-exemption ruling in February 1952, 74 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Belles Lettres Club reported income of $132k and spending of $117k, spending 88% of its income. Across the 2 years on record, from May 2022 to May 2023, income grew from $83k to $132k (+59%), an average of +59% a year. The sharpest change came in the year to May 2023, when income rose by 59%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Belles Lettres Club sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within PA. Charities of a similar size with the same main cause include Neighbor to Neighbor Community Development Corp Inc ($132k), Florida Corrections Accreditation Commission Inc ($132k) and Northern Virginia Black Chamber of Commerce Inc ($132k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $166k against liabilities of $0, net assets of $166k.