Bee Mighty

Analysis

Bee Mighty is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Bee Mighty reported income of $192k and spending of $213k, spending 111% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $98k to $192k (+96%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bee Mighty sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Alderwood Terrace Rotary Foundation ($192k), Funding Love Corp ($192k) and Henry Counties Caring for the Cause Inc ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $19k (8.8% of expenses). Other salaries and wages came to $25k. At year end it held assets of $822k against liabilities of $2,182, net assets of $820k. It reported 2 employees.