Best Robotics Inc

Analysis

Best Robotics Inc is a registered charity in United States, based in Southlake, TX. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Best Robotics Inc reported income of $195k and spending of $248k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $582k to $195k (-67%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 62%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Best Robotics Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include United Way of Franklin County ($195k), Bear Foundation ($195k) and Pine River Area Foundation Inc ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $108k (43% of expenses). Other salaries and wages came to $30k. At year end it held assets of $87k against liabilities of $238, net assets of $86k. It reported 3 employees.