Benefits in Action

Analysis

Benefits in Action is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, 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, Benefits in Action reported income of $3.2m and spending of $2.5m, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.3m to $3.2m (+143%), an average of +143% a year. The sharpest change came in the year to December 2023, when income rose by 143%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Benefits in Action sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include South Chicago Parents and Friends Inc ($3.2m), SRS Raise the Roof Foundation Inc ($3.2m) and Na Wahine Toa Foundation ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $87k (3.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.7m against liabilities of $485k, net assets of $1.2m. It reported 32 employees.