My Better Benefits

Analysis

My Better Benefits is a registered charity in United States, based in Pittsford, NY. It received its IRS tax-exemption ruling in April 2015, 11 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, My Better Benefits reported income of $289k and spending of $269k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $329k to $289k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2021, when income dropped by 25%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, My Better Benefits sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Each Inc ($289k), Kid Side Inc ($289k) and Glass-Johnson Hospice House Inc ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $30k (11% of expenses). At year end it held assets of $365k against liabilities of $202k, net assets of $163k.