B Charitable Inc

Analysis

B Charitable Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, B Charitable Inc reported income of $1.1m and spending of $768k, leaving 31% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $424k to $1.1m (+164%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 139%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, B Charitable Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within AL. Charities of a similar size with the same main cause include Newton Foundation ($1.1m), Cosmosphere Foundation ($1.1m) and Our Children Oregon ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $948k against liabilities of $5,815, net assets of $942k.