Believet Canine Service Partners Inc

Analysis

Believet Canine Service Partners Inc is a registered charity in United States, based in Northfield, MN. 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 (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 2022, Believet Canine Service Partners Inc reported income of $730k and spending of $353k, leaving 52% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $220k to $730k (+233%), an average of +49% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Believet Canine Service Partners Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Bay Area Friendship Circle ($730k), Scarlet Road ($730k) and Disability Relief Aid Foundation ($730k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 92% of the total. At year end it held assets of $655k against liabilities of $50k, net assets of $605k.