Best Year Yet Foundation

Analysis

Best Year Yet Foundation is a registered charity in United States, based in Arvada, CO. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2023, Best Year Yet Foundation reported income of $130k and spending of $102k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $130k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Best Year Yet Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within CO. Charities of a similar size with the same main cause include Psalms of Praise Ministries Inc ($130k), Lonsdale Fire Association Incorporated ($130k) and South Carolina Congress of Parents and Teachers ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 39% of the total. At year end it held assets of $144k against liabilities of $0, net assets of $144k.