Sensory Beans Inc

Analysis

Sensory Beans Inc is a registered charity in United States, based in Wantagh, NY. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Sensory Beans Inc reported income of $337k and spending of $299k, spending 89% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $203k to $337k (+66%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sensory Beans Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include One Tennessee ($337k), Nichols Hills Parks Inc ($337k) and West Boca Youth Baseball Inc ($337k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $45k (15% of expenses). Other salaries and wages came to $114k. At year end it held assets of $113k against liabilities of $7,288, net assets of $106k.