Honeybee Society

Analysis

Honeybee Society is a registered charity in United States, based in Knott, TX. It received its IRS tax-exemption ruling in November 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Honeybee Society reported income of $311k and spending of $92k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $234k to $311k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 31% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Honeybee Society sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Neighbors Helping Neighbors Inc ($311k), Mission to Children Inc ($311k) and City of Refuge Pulaski Inc ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $480k against liabilities of $0, net assets of $480k.