Basic Necessities

Analysis

Basic Necessities is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Basic Necessities reported income of $97k and spending of $96k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $110k to $97k (-12%), an average of -12% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Basic Necessities sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within LA. Charities of a similar size with the same main cause include Grant Road Holdings Inc ($97k), Cmala Convention Inc ($97k) and Rockflower Partners Inc ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,080 against liabilities of $0, net assets of $1,080.