Beverly Farms Improvement Society Inc

Analysis

Beverly Farms Improvement Society Inc is a registered charity in United States, based in Beverly Farms, MA. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Beverly Farms Improvement Society Inc reported income of $52k and spending of $28k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $76k to $52k (-31%), an average of -9.0% a year. The sharpest change came in the year to December 2022, when income dropped by 118%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Beverly Farms Improvement Society Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include Celebration of a City Inc ($52k), Hale Page Diamond Lake Community Association ($52k) and Hope Empowerment and Development Zone Incorporated ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $916k against liabilities of $87, net assets of $916k.