Best Christmas Ever Inc

Analysis

Best Christmas Ever Inc is a registered charity in United States, based in Cloquet, MN. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Best Christmas Ever Inc reported income of $2.0m and spending of $2.1m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.0m (+76%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 61%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Best Christmas Ever Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Mechanical Contracting Foundation Inc ($2.0m), Mt Lebanon Extended Day Program Inc ($2.0m) and New Orleans Speech & Hearing Center ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $76k (3.6% of expenses). Other salaries and wages came to $133k. At year end it held assets of $723k against liabilities of $50k, net assets of $674k. It reported 4 employees.