New Rockford Area Betterment Corporation

Analysis

New Rockford Area Betterment Corporation is a registered charity in United States, based in New Rockford, ND. It received its IRS tax-exemption ruling in October 1991, 35 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, New Rockford Area Betterment Corporation reported income of $465k and spending of $178k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $121k to $465k (+285%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 205%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Rockford Area Betterment Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within ND. Charities of a similar size with the same main cause include Naydenov Gymnastics Boosters Club ($465k), Moisture Festival ($465k) and West Branch Athletic Booster Club Inc ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 4.3% of the total. At year end it held assets of $1.7m against liabilities of $470k, net assets of $1.2m. It reported 2 employees.