Street Bean Espresso

Analysis

Street Bean Espresso is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Street Bean Espresso reported income of $148k and spending of $171k, spending 116% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income fell from $593k to $148k (-75%), an average of -24% a year. The sharpest change came in the year to June 2021, when income dropped by 48%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Street Bean Espresso 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 47th percentile, and in the 43rd percentile within WA. Charities of a similar size with the same main cause include Long Beach Waterfront Warriors ($148k), Somos Hispanas Unidas Silverton ($148k) and Lighthouse Vocational Properties ($148k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% of the total. Compensation of current officers, directors and key employees was $80k (47% of expenses). Other salaries and wages came to $34k. At year end it held assets of $34k against liabilities of $36k, net assets of -$1,930. It reported 5 employees.

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.