Eugene Bell Foundation

Analysis

Eugene Bell Foundation is a registered charity in United States, based in Andrews, SC. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Eugene Bell Foundation reported income of $174k and spending of $241k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $630k to $174k (-72%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eugene Bell Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 56th percentile within SC. Charities of a similar size with the same main cause include Wholly Kicks ($174k), Taproot a Lopez Kitchen ($174k) and North Carolina Sweetpotato Commission Foundation ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $27k (11% of expenses). Other salaries and wages came to $9,000. At year end it held assets of $366k against liabilities of $332, net assets of $366k.