Beloved Collective Inc

Analysis

Beloved Collective Inc is a registered charity in United States, based in Columbus, IN. It received its IRS tax-exemption ruling in June 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, Beloved Collective Inc reported income of $166k and spending of $192k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $166k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beloved Collective Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within IN. Charities of a similar size with the same main cause include Community Engagement Inc ($166k), Mi Casa Tu Casa Community ($166k) and Connecticut Immigrant and Refugee Coalition Inc ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.