Believe & Inspire

Analysis

Believe & Inspire is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Believe & Inspire reported income of $138k and spending of $166k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $138k (+108%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 91%. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Believe & Inspire 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 43rd percentile within NY. Charities of a similar size with the same main cause include Amarillo Bingo Association ($138k), Breastfeeding Outreach for Greater Washington ($138k) and Maple Valley Farmers Market ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $12k. At year end it held assets of $84k against liabilities of $365k, net assets of -$282k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.