Bit by Bit

Analysis

Bit by Bit is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2023, Bit by Bit reported income of $65k and spending of $61k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $47k to $65k (+36%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bit by Bit sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within OR. Charities of a similar size with the same main cause include Camel Club Inc ($65k), Pink Phoenix Dragon Boat Team ($65k) and International Wagr Syndrome Association ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. At year end it held assets of $4,956 against liabilities of $0, net assets of $4,956.