Belco Works Inc

Analysis

Belco Works Inc is a registered charity in United States, based in St Clairsvle, OH. It received its IRS tax-exemption ruling in August 1966, 60 years ago. Its declared purposes cover employment, 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, Belco Works Inc reported income of $4.1m and spending of $3.7m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $4.1m (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Belco Works Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Jobs Foundation ($4.1m), Youth Action Project ($4.1m) and Cornerstone Community Outreach ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $154k (4.2% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $7.8m against liabilities of $954k, net assets of $6.9m. It reported 185 employees.