Business Education Partnership Foundation

Analysis

Business Education Partnership Foundation is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover employment, 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 December 2023, Business Education Partnership Foundation reported income of $329k and spending of $291k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $130k to $329k (+154%), an average of +154% a year. The sharpest change came in the year to December 2023, when income rose by 154%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Business Education Partnership Foundation sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 58th percentile within ME. Charities of a similar size with the same main cause include The Literacy Project Foundation ($329k), Nashua N H Rotary Charity Fund Inc ($330k) and Muslim Community Center for Human Services ($329k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $131k against liabilities of $58k, net assets of $73k.