Bessemer Manor Inc

Analysis

Bessemer Manor Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in May 1993, 33 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 December 2023, Bessemer Manor Inc reported income of $276k and spending of $352k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $264k to $276k (+4.5%), an average of +1.1% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bessemer Manor 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 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include San Jose Parents Participating Nursery School ($276k), Campus Christian Fellowship ($276k) and Polson Park and Museum Historical Society ($276k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $51k. At year end it held assets of $194k against liabilities of $2.8m, net assets of -$2.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.