I Believe in Me Inc

Analysis

I Believe in Me Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 July 2023, I Believe in Me Inc reported income of $554k and spending of $437k, leaving 21% of income unspent that year. Across the 4 years on record, from July 2020 to July 2023, income grew from $206k to $554k (+168%), an average of +39% a year. The sharpest change came in the year to July 2021, when income rose by 95%. Over the whole period it spent 80% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, I Believe in Me Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Weavers Way Community Programs ($553k), Wayne County Fair Association Inc ($554k) and Harvest 61 Ministries Inc ($553k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $83k (19% of expenses). Other salaries and wages came to $53k. At year end it held assets of $371k against liabilities of $26k, net assets of $344k.