Belmont Community Organization

Analysis

Belmont Community Organization is a registered charity in United States, based in Belmont, NC. It received its IRS tax-exemption ruling in June 1956, 70 years ago. 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, Belmont Community Organization reported income of $165k and spending of $123k, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $114k to $165k (+45%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Belmont Community Organization sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Alaska Peace Officers Association ($165k), Meyersdale Public Library ($165k) and Baronial Order of Magna Charta ($165k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $435k against liabilities of $3,126, net assets of $432k.