National Honorary Beta Club

Analysis

National Honorary Beta Club is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in April 1940, 86 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, National Honorary Beta Club reported income of $12.9m and spending of $10.4m, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.0m to $12.9m (+84%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 73%. Over the whole period it spent 85% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, National Honorary Beta Club sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Boys & Girls Club of St Lucie County Inc ($12.7m), Alliance Community Healthcare Inc ($13.0m) and Boys and Girls Club of the Northern Indiana Corridor Inc ($12.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $441k (4.2% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $24.6m against liabilities of $1.5m, net assets of $23.2m. It reported 32 employees.