Beaver Street Enterprise Center Inc

Analysis

Beaver Street Enterprise Center Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in November 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Beaver Street Enterprise Center Inc reported income of $595k and spending of $490k, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $312k to $595k (+91%), an average of +18% a year. The sharpest change came in the year to September 2020, when income rose by 31%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beaver Street Enterprise Center Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include TCG Groceries ($595k), Justin Wren Foundation ($595k) and Anoka Community Mission Inc ($595k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Other salaries and wages came to $175k. At year end it held assets of $335k against liabilities of $1.3m, net assets of -$958k. It reported 5 employees.