Beaufort Business Association

Analysis

Beaufort Business Association is a registered charity in United States, based in Beaufort, NC. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Beaufort Business Association reported income of $108k and spending of $80k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $41k to $108k (+164%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Beaufort Business Association sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include International Corporate Governance Society ($108k), Give Back Cincinnati ($108k) and Order of Olympia ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $43k against liabilities of $419, net assets of $42k.