Believe with Me Inc

Analysis

Believe with Me Inc is a registered charity in United States, based in N Palm Beach, FL. It received its IRS tax-exemption ruling in November 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, Believe with Me Inc reported income of $379k and spending of $473k, spending 125% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $193k to $379k (+96%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Believe with Me Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Jehovah Jireh 1 Outreach Ministry ($379k), Traron Center ($379k) and Prosumers International ($379k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 114% of the total. At year end it held assets of $365k against liabilities of $0, net assets of $365k.