Argentine Betterment Corporation

Analysis

Argentine Betterment Corporation is a registered charity in United States, based in Kansas City, KS. It received its IRS tax-exemption ruling in July 2010, 16 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 (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, Argentine Betterment Corporation reported income of $106k and spending of $257k, spending 242% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $417k to $106k (-75%), an average of -29% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 276% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Argentine Betterment Corporation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within KS. Charities of a similar size with the same main cause include Life Changing Foundation Corporation ($106k), Tec Centro Foundation ($106k) and 300 Club of Atlanta Inc ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $71k (28% of expenses). Other salaries and wages came to $52k. At year end it held assets of $665k against liabilities of $54k, net assets of $611k. It reported 2 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.