Benefitgua Inc

Analysis

Benefitgua Inc is a registered charity in United States, based in Douglasville, GA. It received its IRS tax-exemption ruling in July 2023, 3 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 April 2022, Benefitgua Inc reported income of $60k and spending of $81k, spending 134% of what it took in. Across the 3 years on record, from April 2020 to April 2022, income fell from $67k to $60k (-10%), an average of -5.3% a year. The sharpest change came in the year to April 2022, when income dropped by 27%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Benefitgua Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within GA. Charities of a similar size with the same main cause include Dezy Strong Inc ($60k), Kalamazoo Black Male Association ($60k) and Cooking with Kids ($60k).

On its Form 990-EZ for the period ending April 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.