Beloved Community Center of Greensboro Inc

Analysis

Beloved Community Center of Greensboro Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Beloved Community Center of Greensboro Inc reported income of $752k and spending of $918k, spending 122% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $312k to $752k (+142%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 162%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Beloved Community Center of Greensboro Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Duke City Volleyball Athletics ($752k), East Coast Conference ($753k) and Greenways for Nashville ($751k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $76k (8.3% of expenses). Other salaries and wages came to $413k. At year end it held assets of $821k against liabilities of $22k, net assets of $799k. It reported 18 employees.