Business for Social Good Inc

Analysis

Business for Social Good Inc is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Business for Social Good Inc reported income of $166k and spending of $224k, spending 135% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $351k to $166k (-53%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 103% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Business for Social Good Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Africa Bridge ($166k), Bardejov Jewish Preservation Committee ($166k) and Human Friends Organization International Inc ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.