Beautyunited

Analysis

Beautyunited is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in July 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 (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, Beautyunited reported income of $315k and spending of $442k, spending 140% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $596k to $315k (-47%), an average of -47% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Beautyunited sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Local 470 Apprenticeship Fund ($315k), Flint Social Club ($315k) and Karl Perl Charitable TR ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $188k (42% of expenses). At year end it held assets of $56k against liabilities of $896, net assets of $55k. It reported 1 employees.