Bes Inc

Analysis

Bes Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Bes Inc reported income of $8.3m and spending of $8.5m, spending 102% of its income. Across the 5 years on record, from August 2019 to June 2023, income fell from $12.6m to $8.3m (-34%), an average of -9.8% a year. The sharpest change came in the year to June 2021, when income rose by 352%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bes Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Amberton University ($8.3m), Jefferson Clarion Head Start Inc ($8.3m) and Castle Rock Lifelong Learning Center ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $1.9m (22% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $11.0m against liabilities of $2.1m, net assets of $8.9m. It reported 35 employees.