Better Tomorrow

Analysis

Better Tomorrow is a registered charity in United States, based in Steamboat Springs, CO. It received its IRS tax-exemption ruling in August 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Better Tomorrow reported income of $1.2m and spending of $1.3m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $432k to $1.2m (+176%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Better Tomorrow sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CO. Charities of a similar size with the same main cause include LGBT Technology Institute ($1.2m), Emir-Every Murder Is Real ($1.2m) and Guiding Light Foster Family Agency ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $97k (7.7% of expenses). Other salaries and wages came to $459k. At year end it held assets of $1.3m against liabilities of $558k, net assets of $771k. It reported 13 employees.