Beuncommon Inc

Analysis

Beuncommon Inc is a registered charity in United States, based in Greenwood Village, CO. It received its IRS tax-exemption ruling in January 2023, 3 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, Beuncommon Inc reported income of $448k and spending of $827k, spending 185% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $12.3m to $448k (-96%), an average of -96% a year. The sharpest change came in the year to December 2023, when income dropped by 96%. Over the whole period it spent 6.5% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beuncommon Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include Rain for the Sahel and Sahara Inc ($448k), Community Kitchen of North Iowa ($448k) and Strengthen Our Sisters Inc ($448k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $12.0m against liabilities of $0, net assets of $12.0m.