Beloved Community

Analysis

Beloved Community is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 2017, 9 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 June 2023, Beloved Community reported income of $7.6m and spending of $6.6m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $7.6m (+592%), an average of +91% a year. The sharpest change came in the year to June 2021, when income rose by 203%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Beloved Community 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 94th percentile, and in the 94th percentile within LA. Charities of a similar size with the same main cause include LA Cocina Inc ($7.6m), Community Action Partnership of Hennepin County ($7.6m) and Wabash Valley Goodwill Industries ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $236k (3.6% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $4.2m against liabilities of $1.6m, net assets of $2.5m. It reported 4 employees.