Beloved Community Services Corporation

Analysis

Beloved Community Services Corporation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Beloved Community Services Corporation reported income of $4.2m and spending of $661k, leaving 84% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $650k to $4.2m (+550%), an average of +87% a year. The sharpest change came in the year to December 2022, when income rose by 1471%. Over the whole period it spent 32% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beloved Community Services Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Blue Ridge Opportunity Commission Inc ($4.2m), Catholic Charities of Southwest Kansas Inc ($4.2m) and Childrens Harbor Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $210k (32% of expenses). Other salaries and wages came to $45k. At year end it held assets of $12.6m against liabilities of $6.0m, net assets of $6.6m. It reported 1 employees.