Beaumont Urban Improvement Leadership for Downtown Inc

Analysis

Beaumont Urban Improvement Leadership for Downtown Inc is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Beaumont Urban Improvement Leadership for Downtown Inc reported income of $103k and spending of $132k, spending 127% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $164k to $103k (-37%), an average of -37% a year. The sharpest change came in the year to September 2023, when income dropped by 37%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Beaumont Urban Improvement Leadership for Downtown Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include Richland Center Food Pantry ($103k), Clearwater Community Volunteers Inc ($103k) and Our Hometown Charitable Foundation ($103k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 14% and program service revenue 71% of the total. At year end it held assets of $277k against liabilities of $2,108, net assets of $275k.