Bee Area Partnership Inc

Analysis

Bee Area Partnership Inc is a registered charity in United States, based in Beeville, TX. It received its IRS tax-exemption ruling in March 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bee Area Partnership Inc reported income of $336k and spending of $277k, spending 83% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $394k to $336k (-15%), an average of -7.6% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bee Area Partnership Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Community Frontline of Fort Worth Inc ($336k), Jordan Valley Lions Community Center ($336k) and Phoenix Community Alliance Inc ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $144k (52% of expenses). Other salaries and wages came to $39k. At year end it held assets of $68k against liabilities of $2,049, net assets of $66k. It reported 2 employees.