Bellasnova Foundation

Analysis

Bellasnova Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Bellasnova Foundation reported income of $230k and spending of $89k, leaving 61% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $100k to $230k (+130%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 354%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bellasnova Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Rhode Island Center for Freedom and Prosperity ($230k), Friends of Shore Acres Inc ($230k) and Grafton Volunteer Fire Department Inc ($230k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $306k against liabilities of $16k, net assets of $290k.