Benola Inc

Analysis

Benola Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Benola Inc reported income of $706k and spending of $824k, spending 117% of what it took in. Across the 4 years on record, from December 2018 to December 2022, income grew from $525k to $706k (+34%), an average of +10% a year. The sharpest change came in the year to December 2019, when income rose by 60%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Benola Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within LA. Charities of a similar size with the same main cause include The Urban Enrichment Institute ($706k), Aspire Community Capital ($706k) and Eagle Foundation ($706k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 48% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $131k (16% of expenses). Other salaries and wages came to $147k. At year end it held assets of $786k against liabilities of $26k, net assets of $760k. It reported 3 employees.