Beta Group

Analysis

Beta Group is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 2016, 10 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, Beta Group reported income of $563k and spending of $433k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $639k to $563k (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Beta Group sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Urban Empowerment Fund ($563k), Roaring Fork Community Development Corporation ($563k) and Big Walnut Area Community Improvement Corporation ($563k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.3% of the total. Other salaries and wages came to $108k. At year end it held assets of $54k against liabilities of $94k, net assets of -$40k. It reported 2 employees.