Beat the Streets Inc

Analysis

Beat the Streets Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2019, 7 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 August 2023, Beat the Streets Inc reported income of $886k and spending of $764k, spending 86% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $499k to $886k (+78%), an average of +78% a year. The sharpest change came in the year to August 2023, when income rose by 78%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Beat the Streets Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include PS 3 Til 6 Inc ($886k), Capital Area Girls on the Run ($887k) and Highland Park Lacrosse Association ($886k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $103k (14% of expenses). Other salaries and wages came to $208k. At year end it held assets of $194k against liabilities of -$2,070, net assets of $196k. It reported 7 employees.