Best Is Ahead Foundation Inc

Analysis

Best Is Ahead Foundation Inc is a registered charity in United States, based in Ashton, MD. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Best Is Ahead Foundation Inc reported income of $1.6m and spending of $1.8m, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $393k to $1.6m (+317%), an average of +317% a year. The sharpest change came in the year to December 2023, when income rose by 317%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Best Is Ahead Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Boys & Girls Clubs of Emerald Valley ($1.6m), Fully Liberated Youth ($1.6m) and The Boys & Girls Club of Greater Peoria Inc ($1.6m).

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 $210k (12% of expenses). At year end it held assets of $11k against liabilities of $1,625, net assets of $9,691. It reported 1 employees.