Just Basics Inc

Analysis

Just Basics Inc is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in May 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 June 2023, Just Basics Inc reported income of $161k and spending of $195k, spending 121% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $133k to $161k (+21%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 126% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Just Basics Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 39th percentile within VT. Charities of a similar size with the same main cause include North Country Missions ($161k), Auto Dealers United for Children ($161k) and Collegiate Crossings Inc ($161k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $212k against liabilities of $0, net assets of $212k.