Beer and Hymns Inc

Analysis

Beer and Hymns Inc is a registered charity in United States, based in Bentonville, AR. It received its IRS tax-exemption ruling in July 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, Beer and Hymns Inc reported income of $155k and spending of $120k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $155k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Beer and Hymns Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within AR. Charities of a similar size with the same main cause include Rotary Club of Colonial Park Foundation ($155k), Ulec Leverage Inc ($155k) and Georgetown Backpack Buddies ($155k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $86k against liabilities of $3,530, net assets of $82k.