American Friends of Bean Voyage

Analysis

American Friends of Bean Voyage is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover food, agriculture and nutrition, 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, American Friends of Bean Voyage reported income of $311k and spending of $269k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $211k to $311k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Friends of Bean Voyage sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 57th percentile within DE. Charities of a similar size with the same main cause include Mayhem Mission ($311k), City of Refuge Pulaski Inc ($311k) and Domestic Abuse Center ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $56k (21% of expenses). At year end it held assets of $137k against liabilities of $0, net assets of $137k.