Benchmarks

Analysis

Benchmarks is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 1977, 49 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, Benchmarks reported income of $2.0m and spending of $2.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $2.0m (-8.7%), an average of -2.2% a year. The sharpest change came in the year to December 2021, when income rose by 46%. 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, Benchmarks sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Williamsburg House of Mercy Inc ($2.0m), Financial Pathways of the Piedmont Inc ($2.0m) and Saint Agnes Child Development Center ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $249k (12% of expenses). Other salaries and wages came to $738k. At year end it held assets of $1.9m against liabilities of $252k, net assets of $1.6m. It reported 12 employees.