Beta-Local Inc

Analysis

Beta-Local Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Beta-Local Inc reported income of $369k and spending of $371k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $216k to $369k (+71%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 84%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Beta-Local Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 49th percentile within PR. Charities of a similar size with the same main cause include Borderlands Theater Teatro Fronterizo Inc ($369k), Me2 Orchestra Inc ($369k) and Free Guitars 4 Kids ($369k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (24% of expenses). At year end it held assets of $351k against liabilities of $301k, net assets of $50k.