Benincasa Community Inc

Analysis

Benincasa Community Inc is a registered charity in United States, based in Guilford, CT. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Benincasa Community Inc reported income of $200k and spending of $173k, spending 87% of its income. Across the 2 years on record, from July 2023 to July 2024, income grew from $135k to $200k (+48%), an average of +48% a year. The sharpest change came in the year to July 2024, when income rose by 48%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Benincasa Community Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within CT. Charities of a similar size with the same main cause include Friends of Herriman Parks Trails Arts and Culture ($200k), Noblesville Main Street Inc ($200k) and Nerdit Foundation ($200k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $404k against liabilities of $177k, net assets of $228k.