Benedict Center Inc

Analysis

Benedict Center Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in December 1975, 51 years ago. 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, Benedict Center Inc reported income of $2.3m and spending of $2.0m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.3m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Benedict Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WI. Charities of a similar size with the same main cause include Dryden Ambulance Inc ($2.3m), Boy Scouts of America ($2.3m) and Beginnings Child Care Center ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $173k (8.8% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.7m against liabilities of $478k, net assets of $1.3m. It reported 37 employees.