Building a Better Beverly Inc

Analysis

Building a Better Beverly Inc is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2024, Building a Better Beverly Inc reported income of $194k and spending of $5,551, leaving 97% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $84k to $194k (+130%), an average of +130% a year. The sharpest change came in the year to June 2024, when income rose by 130%. Over the whole period it spent 60% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Building a Better Beverly Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Folsom Vista Youth Football Andcheer ($194k), Lincoln County Fair Inc ($194k) and DC Selects Hockey Inc ($194k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $242k against liabilities of $0, net assets of $242k.