Beef Bank Colorado Inc

Analysis

Beef Bank Colorado Inc is a registered charity in United States, based in Johnstown, CO. It received its IRS tax-exemption ruling in March 2023, 3 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 (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, Beef Bank Colorado Inc reported income of $435k and spending of $359k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $301k to $435k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beef Bank Colorado Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include Island Time Activities ($435k), Twin Bridge Playschool Inc ($435k) and Her Academy ($435k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $65k (18% of expenses). At year end it held assets of $214k against liabilities of $29k, net assets of $185k. It reported 1 employees.