Project Bee

Analysis

Project Bee is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in January 1965, 61 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Project Bee reported income of $1.6m and spending of $780k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $422k to $1.6m (+289%), an average of +40% a year. The sharpest change came in the year to June 2022, when income rose by 1129%. Over the whole period it spent 47% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Bee sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within ND. Charities of a similar size with the same main cause include Caring Services Inc ($1.6m), Families Uniting Families ($1.6m) and Siskiyou Community Resource Collaborative ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $104k (13% of expenses). Other salaries and wages came to $212k. At year end it held assets of $3.9m against liabilities of $603k, net assets of $3.3m. It reported 30 employees.