Come to Believe Foundation

Analysis

Come to Believe Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2019, 7 years ago. 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 June 2024, Come to Believe Foundation reported income of $2.9m and spending of $2.2m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2020 to June 2024, income grew from $1.2m to $2.9m (+153%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 210%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Come to Believe Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Chip Hale Center Inc ($2.9m), Boys & Girls Clubs of the Crescent Region ($2.9m) and Key West Art & Historical Society Inc ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $190k (8.8% of expenses). Other salaries and wages came to $86k. At year end it held assets of $2.8m against liabilities of $21k, net assets of $2.8m. It reported 5 employees.