Ben Initiative

Analysis

Ben Initiative is a registered charity in United States, based in Gallup, NM. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Ben Initiative reported income of $347k and spending of $214k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $347k (+255%), an average of +255% a year. The sharpest change came in the year to December 2023, when income rose by 255%. Over the whole period it spent 53% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ben Initiative sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NM. Charities of a similar size with the same main cause include Socal Symphony Society ($347k), Ashuelot Concerts ($348k) and Naatak ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $222k against liabilities of $0, net assets of $222k.