Beef Logic Inc

Analysis

Beef Logic Inc is a registered charity in United States, based in Pierre, SD. It received its IRS tax-exemption ruling in June 2022, 4 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 June 2023, Beef Logic Inc reported income of $514k and spending of $612k, spending 119% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $336k to $514k (+53%), an average of +53% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beef Logic Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within SD. Charities of a similar size with the same main cause include Women in Need ($514k), Lebanon Senior Citizens Center ($514k) and Helping Hands Improving Lives ($514k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $68k (11% of expenses). Other salaries and wages came to $56k. At year end it held assets of $6,920 against liabilities of $43k, net assets of -$36k. It reported 2 employees.