Benet Hill Monastary of Colorado Springs Inc

Analysis

Benet Hill Monastary of Colorado Springs Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Benet Hill Monastary of Colorado Springs Inc reported income of $1.5m and spending of $1.7m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Benet Hill Monastary of Colorado Springs Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CO. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Northeast Florida Inc ($1.5m), Western New York United Against Drug & Alcohol Abuse Inc ($1.5m) and Youth for Christ USA Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 16% of the total. Other salaries and wages came to $557k. At year end it held assets of $15.7m against liabilities of $3.2m, net assets of $12.5m. It reported 31 employees.