Berean Community Center Inc

Analysis

Berean Community Center Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Berean Community Center Inc reported income of $237k and spending of $55k, leaving 77% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $79k to $237k (+201%), an average of +201% a year. The sharpest change came in the year to June 2023, when income rose by 201%. Over the whole period it spent 27% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Berean Community Center Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Red River Valley Veterans Memorial Museum Inc ($237k), Secondstory Repertory ($237k) and Cabinet of Curiosity ($237k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $254k against liabilities of $0, net assets of $254k.