Belong Bakery

Analysis

Belong Bakery is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Belong Bakery reported income of $676k and spending of $489k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $258k to $676k (+162%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 486%. Over the whole period it spent 41% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Belong Bakery sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Community Development Corproation of Leesburg and Vicinity Inc ($676k), Goler-Depot Street Renaissance Corporation ($676k) and Geauga Growth Partnership Inc ($676k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. Other salaries and wages came to $189k. At year end it held assets of $1.5m against liabilities of $15k, net assets of $1.5m. It reported 33 employees.