Bienestar Inc

Analysis

Bienestar Inc is a registered charity in United States, based in Hillsboro, OR. It received its IRS tax-exemption ruling in April 1995, 31 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 December 2023, Bienestar Inc reported income of $10.0m and spending of $7.9m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $10.0m (+79%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 121%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bienestar Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OR. Charities of a similar size with the same main cause include Burbank Housing Corporation ($10.0m), Montefiore Housing Corporation ($10.0m) and Provident Commonwealth Education Resources II ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $353k (4.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $45.9m against liabilities of $13.3m, net assets of $32.6m. It reported 30 employees.