Benco

Analysis

Benco is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Benco reported income of $7.4m and spending of $7.8m, spending 105% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.6m to $7.4m (+60%), an average of +9.8% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Benco sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within OR. Charities of a similar size with the same main cause include Southern Partners Fund Inc ($7.4m), Bibles for Missionsthrift Centers ($7.4m) and Community & Family Services Inc ($7.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $127k (1.6% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $5.8m against liabilities of $1.1m, net assets of $4.7m. It reported 152 employees.