Benefit Tomorrow

Analysis

Benefit Tomorrow is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Benefit Tomorrow reported income of $174k and spending of $103k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $297k to $174k (-41%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 510%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Benefit Tomorrow sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Florence County Museum Foundation ($174k), Al-Nahda Centernfp ($174k) and Unruly Arts ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $486k against liabilities of $0, net assets of $486k.