Bhalo Inc

Analysis

Bhalo Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in November 2021, 5 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 (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, Bhalo Inc reported income of $296k and spending of $229k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $36k to $296k (+715%), an average of +715% a year. The sharpest change came in the year to December 2023, when income rose by 715%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bhalo Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Womens Enrichment Center Inc ($296k), Twin Sisters Market ($296k) and Gather Make Shelter ($296k).

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 $84k against liabilities of $0, net assets of $84k.