Foundation for Community Betterment

Analysis

Foundation for Community Betterment is a registered charity in United States, based in Springfield, VA. It received its IRS tax-exemption ruling in September 2000, 26 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 (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, Foundation for Community Betterment reported income of $303k and spending of $301k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $303k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Foundation for Community Betterment sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Network2work USA ($303k), West Suburban Chamber of Commerce & Industry Foundation ($303k) and Snow Approach Foundation Inc ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. Compensation of current officers, directors and key employees was $45k (15% of expenses). At year end it held assets of $433k against liabilities of $2,325, net assets of $431k. It reported 1 employees.