Inver Grove Heights B E S T Foundation

Analysis

Inver Grove Heights B E S T Foundation is a registered charity in United States, based in Inver Grove, MN. It received its IRS tax-exemption ruling in September 1992, 34 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, Inver Grove Heights B E S T Foundation reported income of $166k and spending of $172k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $230k to $166k (-28%), an average of -7.8% a year. The sharpest change came in the year to June 2022, when income rose by 303%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inver Grove Heights B E S T Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MN. Charities of a similar size with the same main cause include Rd26 Foundation Inc ($166k), South Carolina State University National Alumni Association ($166k) and Believe It Achieve It ($166k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $1.9m against liabilities of $227k, net assets of $1.6m.