Bemorecaring Inc

Analysis

Bemorecaring Inc is a registered charity in United States, based in Hanover, MD. It received its IRS tax-exemption ruling in June 2016, 10 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, Bemorecaring Inc reported income of $316k and spending of $169k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $195k to $316k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bemorecaring Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Howard County Junior Livestock Association ($316k), Thrive ($316k) and Interfaith Caregivers of Polk Cnty ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $79k (46% of expenses). At year end it held assets of $7,330 against liabilities of $0, net assets of $7,330. It reported 9 employees.