Believers United in Local Development

Analysis

Believers United in Local Development is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2019, 7 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 (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, Believers United in Local Development reported income of $623k and spending of $301k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $730k to $623k (-15%), an average of -15% a year. Over the whole period it spent 28% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Believers United in Local Development sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include Order Sons of Italy in America New York Grand Lodge Foundation ($623k), Hope Haven Area Development Center Foundation ($623k) and Volunteer Center of Lubbock Inc ($623k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.