Beans Cafe Inc

Analysis

Beans Cafe Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in August 1979, 47 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Beans Cafe Inc reported income of $5.5m and spending of $5.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $5.5m (+119%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 190%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Beans Cafe Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within AK. Charities of a similar size with the same main cause include Lgarpa Corp ($5.5m), Cathedral Arms Inc ($5.5m) and Project Go Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $346k (6.5% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $16.6m against liabilities of $1.6m, net assets of $15.0m. It reported 71 employees.