Bettercare AFC Inc

Analysis

Bettercare AFC Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Bettercare AFC Inc reported income of $255k and spending of $290k, spending 114% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $91k to $255k (+181%), an average of +41% a year. The sharpest change came in the year to December 2021, when income rose by 183%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bettercare AFC Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Central Valley Center for Vision and Hearing Impaired ($255k), Canyon Hope Ministries ($255k) and Perkins County Senior Services Inc ($255k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 101% of the total. Compensation of current officers, directors and key employees was $78k (27% of expenses). Other salaries and wages came to $82k. At year end it held assets of $190k against liabilities of $4,373, net assets of $186k.