Betsey Mills Corporation

Analysis

Betsey Mills Corporation is a registered charity in United States, based in Marietta, OH. It received its IRS tax-exemption ruling in October 1937, 89 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Betsey Mills Corporation reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $886k to $1.1m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Betsey Mills Corporation sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Naval Academy Junior Swim Club Incorporated ($1.1m), Airport Artic Foxes Youth Hockey Association ($1.1m) and Marannook Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 57% of the total. Other salaries and wages came to $651k. At year end it held assets of $3.4m against liabilities of $330k, net assets of $3.1m. It reported 55 employees.