Betterfi

Analysis

Betterfi is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in May 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 December 2023, Betterfi reported income of $137k and spending of $237k, spending 174% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $369k to $137k (-63%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Betterfi sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within TN. Charities of a similar size with the same main cause include Veterans Treatment Court of Western North Carolina Foundation ($137k), Beaver City Senior Citizen Center Inc ($137k) and Joshua Project of Schoharie County ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $369k against liabilities of $5,252, net assets of $364k.