The Benefit Shop Foundation Inc

Analysis

The Benefit Shop Foundation Inc is a registered charity in United States, based in Mount Kisco, NY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, The Benefit Shop Foundation Inc reported income of $2.9m and spending of $2.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.9m (+68%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 71%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Benefit Shop Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include American Humanist Association ($2.9m), Hospice of North Central Oklahoma Inc ($2.9m) and Florida Council on Compulsive Gambling Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $137k (4.8% of expenses). Other salaries and wages came to $443k. At year end it held assets of $808k against liabilities of $65k, net assets of $743k. It reported 13 employees.