Betamore Inc

Analysis

Betamore Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Betamore Inc reported income of $217k and spending of $334k, spending 154% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $653k to $217k (-67%), an average of -24% a year. The sharpest change came in the year to June 2023, when income dropped by 41%. Over the whole period it spent 117% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Betamore Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Fundacion Sos Mujer Extraordinaria Corp ($217k), Rice Street Business Association ($217k) and Celebrate Edu ($217k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $67k (20% of expenses). At year end it held assets of $134k against liabilities of $279k, net assets of -$145k. It reported 1 employees.