Belev Echad Inc

Analysis

Belev Echad Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Belev Echad Inc reported income of $11.5m and spending of $7.5m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $11.5m (+487%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 188%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Belev Echad Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include United Families Inc ($11.5m), Mission of Mercy Inc ($11.5m) and Volusiaflagler Family Young Mens Christian Association Inc ($11.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $313k (4.2% of expenses). Other salaries and wages came to $250k. At year end it held assets of $9.6m against liabilities of $4.0m, net assets of $5.6m. It reported 5 employees.