Best Payments Foundation

Analysis

Best Payments Foundation is a registered charity in United States, based in Delaware, OH. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Best Payments Foundation reported income of $839k and spending of $755k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $198k to $839k (+325%), an average of +325% a year. The sharpest change came in the year to December 2023, when income rose by 325%. 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, Best Payments Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Minnesota Masonic Charities ($839k), Prism Project ($839k) and Trinity Hill Family Services ($839k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $148k (20% of expenses). Other salaries and wages came to $438k. At year end it held assets of $149k against liabilities of $0, net assets of $149k. It reported 22 employees.