Bello Machre Inc

Analysis

Bello Machre Inc is a registered charity in United States, based in Glen Burnie, MD. It received its IRS tax-exemption ruling in June 1974, 52 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 June 2023, Bello Machre Inc reported income of $35.1m and spending of $31.3m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.3m to $35.1m (+82%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bello Machre Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include The Chicago Fund for Healthier Communities ($35.0m), Nathan Adelson Hospice Inc ($35.1m) and United Community Action Network ($35.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $765k (2.4% of expenses). Other salaries and wages came to $18.6m. At year end it held assets of $52.6m against liabilities of $33.5m, net assets of $19.1m. It reported 516 employees.