B3 Coffee

Analysis

B3 Coffee is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, B3 Coffee reported income of $90k and spending of $60k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $91k to $90k (-1.3%), an average of -1.3% a year. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, B3 Coffee sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within NC. Charities of a similar size with the same main cause include Hope4healing ($90k), Rise Above Group Incorporated ($90k) and Asheville Tool Library ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $16k (26% of expenses). Other salaries and wages came to $23k. At year end it held assets of $96k against liabilities of $3,900, net assets of $92k. It reported 4 employees.