Benedicite Education Inc

Analysis

Benedicite Education Inc is a registered charity in United States, based in Wentzville, MO. 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Benedicite Education Inc reported income of $387k and spending of $360k, spending 93% of its income. Across the 3 years on record, from July 2021 to July 2023, income grew from $260k to $387k (+49%), an average of +22% a year. The sharpest change came in the year to July 2023, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Benedicite Education Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within MO. Charities of a similar size with the same main cause include Berkeley Institute ($387k), Cherokee Historical and Preservation Society Inc ($387k) and Professional Association for Industrial Distribution ($387k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $89k (25% of expenses). Other salaries and wages came to $190k. At year end it held assets of $42k against liabilities of $3,912, net assets of $38k. It reported 14 employees.