Beet Sugar Development Foundation

Analysis

Beet Sugar Development Foundation is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in February 1947, 79 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 March 2024, Beet Sugar Development Foundation reported income of $1.6m and spending of $1.5m, spending 94% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.3m to $1.6m (+25%), an average of +5.7% a year. The sharpest change came in the year to March 2022, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beet Sugar Development Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Eastwood Residential Living Inc ($1.6m), Oh Taste ($1.6m) and Trinity Unlimited Outreach ($1.6m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 49% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $206k (14% of expenses). Other salaries and wages came to $241k. At year end it held assets of $2.6m against liabilities of $138k, net assets of $2.5m. It reported 19 employees.