Belola Foundation

Analysis

Belola Foundation is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Belola Foundation reported income of $136k and spending of $24k, leaving 82% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $4,612 to $136k (+2858%), an average of +2858% a year. The sharpest change came in the year to December 2023, when income rose by 2858%. Over the whole period it spent 28% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Belola Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Wofford Park Inc ($136k), Village at Oasis Park - Phase II Inc ($137k) and Asi Springfield Missouri Inc ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. At year end it held assets of $136k against liabilities of $0, net assets of $136k.