Belay Enterprises Inc

Analysis

Belay Enterprises Inc is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Belay Enterprises Inc reported income of $2.1m and spending of $1.9m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $2.1m (+80%), an average of +16% a year. The sharpest change came in the year to September 2021, when income rose by 49%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Belay Enterprises Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CO. Charities of a similar size with the same main cause include Together Rising As an Environmental Community ($2.1m), Creative Labor Services Inc ($2.1m) and Finishing Trades Institute of the Great Lakes ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $165k (8.8% of expenses). Other salaries and wages came to $768k. At year end it held assets of $4.2m against liabilities of $2.4m, net assets of $1.8m. It reported 45 employees.