Exceptional Bean

Analysis

Exceptional Bean is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in January 2022, 4 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, Exceptional Bean reported income of $246k and spending of $238k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $280k to $246k (-12%), an average of -12% a year. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Exceptional Bean sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within TN. Charities of a similar size with the same main cause include Kellis Cookies for Goodness Bakes Inc ($246k), Watkins Glen Promotions Inc ($246k) and Hardy County Convention and Visitors Bureau ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. Other salaries and wages came to $138k. At year end it held assets of $108k against liabilities of $17k, net assets of $91k. It reported 37 employees.