Bean Path

Analysis

Bean Path is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bean Path reported income of $676k and spending of $790k, spending 117% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $848k to $676k (-20%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bean Path 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 74th percentile, and in the 76th percentile within MS. Charities of a similar size with the same main cause include Empac Employment Resources Inc ($676k), Geauga Growth Partnership Inc ($676k) and National Utility Industry Training Fund ($675k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $194k. At year end it held assets of $631k against liabilities of $12k, net assets of $619k. It reported 5 employees.