Benefit Shop

Analysis

Benefit Shop is a registered charity in United States, based in Bay Minette, AL. It received its IRS tax-exemption ruling in February 1998, 28 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 December 2023, Benefit Shop reported income of $84k and spending of $83k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $85k to $84k (-0.3%), an average of -0.3% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Benefit Shop sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within AL. Charities of a similar size with the same main cause include The Community Law Enforcement Foundation of Morgan Hill Inc ($84k), Helping Hands of Franklin County in ($84k) and Gifts for Kids Inc ($84k).

At year end it held assets of $44k against liabilities of $620, net assets of $44k.