Bessemer Non Profit Development Corp

Analysis

Bessemer Non Profit Development Corp is a registered charity in United States, based in Bessemer, AL. It received its IRS tax-exemption ruling in May 1991, 35 years ago. 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 December 2023, Bessemer Non Profit Development Corp reported income of $1.1m and spending of $1.3m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $817k to $1.1m (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bessemer Non Profit Development Corp sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within AL. Charities of a similar size with the same main cause include Supportive Alternative Living ($1.1m), Circle School ($1.1m) and Atlanta Resource Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. Other salaries and wages came to $276k. At year end it held assets of $2.6m against liabilities of $2.3m, net assets of $212k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.