Ethan & the Bean

Analysis

Ethan & the Bean is a registered charity in United States, based in Little Falls, NJ. It received its IRS tax-exemption ruling in February 2018, 8 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 January 2024, Ethan & the Bean reported income of $130k and spending of $182k, spending 140% of what it took in. Across the 3 years on record, from January 2022 to January 2024, income fell from $302k to $130k (-57%), an average of -34% a year. The sharpest change came in the year to January 2023, when income dropped by 41%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ethan & the Bean sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include Nebraska Panhandle Area Health Education Center Inc ($130k), Race Against Breast Cancer Inc ($130k) and Sowing Seeds Limited ($130k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 133% of the total. At year end it held assets of $221k against liabilities of $123k, net assets of $98k. It reported 21 employees.