Bittersweet Inc

Analysis

Bittersweet Inc is a registered charity in United States, based in Whitehouse, OH. It received its IRS tax-exemption ruling in September 1977, 49 years ago. 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, Bittersweet Inc reported income of $7.9m and spending of $7.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $7.9m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bittersweet Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include The Project on Government Oversight Inc ($7.9m), Father Flanagans Boys Home ($7.9m) and Habitat for Humanity International Inc ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $216k (2.8% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $8.1m against liabilities of $707k, net assets of $7.4m. It reported 306 employees.