Betteralife Inc

Analysis

Betteralife Inc is a registered charity in United States, based in Purcellville, VA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Betteralife Inc reported income of $188k and spending of $148k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $188k (+89%), an average of +89% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Betteralife 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 52nd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include South End Cafe ($188k), Community Outreach Network Services Inc ($188k) and Good Samaritan Counseling Inc ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Other salaries and wages came to $645. At year end it held assets of $76k against liabilities of $1,414, net assets of $75k. It reported 2 employees.