Beautiful Tomorrow

Analysis

Beautiful Tomorrow is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover human services, 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, Beautiful Tomorrow reported income of $173k and spending of $121k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $37k to $173k (+364%), an average of +47% a year. The sharpest change came in the year to December 2022, when income rose by 206%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beautiful Tomorrow sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Helping Hands Food Pantry Inc ($173k), Center Foundation ($173k) and Joses Closet Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $34k (28% of expenses). At year end it held assets of $153k against liabilities of $0, net assets of $153k.