Berista Inc

Analysis

Berista Inc is a registered charity in United States, based in Grand Haven, MI. It received its IRS tax-exemption ruling in August 2021, 5 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, Berista Inc reported income of $283k and spending of $324k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $149k to $283k (+91%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Berista Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Lubec Community Outreach Center Inc ($283k), Columbus Rotary Foundation Inc ($283k) and Fort Worth Promotion and Development Fund ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Other salaries and wages came to $166k. At year end it held assets of $74k against liabilities of $0, net assets of $74k. It reported 25 employees.