Bel Inizio

Analysis

Bel Inizio is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2011, 15 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 December 2023, Bel Inizio reported income of $512k and spending of $406k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $266k to $512k (+92%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bel Inizio sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Livada Orphan Care Inc ($512k), Coraopolis Community Development Corporation Inc ($512k) and Ninilchik Senior Citizens Incorporation ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $99k (24% of expenses). Other salaries and wages came to $76k. At year end it held assets of $435k against liabilities of $3,381, net assets of $431k. It reported 6 employees.