Beloit 2020 Corporation

Analysis

Beloit 2020 Corporation is a registered charity in United States, based in Beloit, WI. It received its IRS tax-exemption ruling in September 1990, 36 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 2022, Beloit 2020 Corporation reported income of $245k and spending of $212k, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $484k to $245k (-49%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Beloit 2020 Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within WI. Charities of a similar size with the same main cause include Missouri State Fair Foundation ($245k), Rural Community Health Worker Network RCHWN ($245k) and Casa Sito Association ($244k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 85% of the total. At year end it held assets of $2.9m against liabilities of $114k, net assets of $2.8m.