Believe 271 Foundation Inc

Analysis

Believe 271 Foundation Inc is a registered charity in United States, based in Holland Patnt, NY. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Believe 271 Foundation Inc reported income of $131k and spending of $52k, leaving 61% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $138k to $131k (-5.3%), an average of -2.7% a year. Over the whole period it spent 35% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Believe 271 Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Doris F Childs Charitable TR Ua First National Bank & TR Co Ttee ($131k), The Alex Fund Inc ($131k) and Stop Poaching Now Inc ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $460k against liabilities of $0, net assets of $460k.