Butterfly Financial Education

Analysis

Butterfly Financial Education is a registered charity in United States, based in Calabash, NC. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Butterfly Financial Education reported income of $212k and spending of $178k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $183k to $212k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Butterfly Financial Education sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Providence Counseling Ministries Inc ($212k), Foundation for the Healing Force of the Amazon ($212k) and California Foundation for the Advancement of the Electronic Arts ($212k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $45k (25% of expenses). Other salaries and wages came to $90k. At year end it held assets of $74k against liabilities of $2,296, net assets of $71k. It reported 3 employees.