BetterFi
AI Summary
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BetterFi is a nonprofit organization dedicated to providing financial counseling and relief to low-income individuals and families. With an operating budget of $270.2K and total revenue of $368.5K for the 2024 filing year, BetterFi focuses on offering affordable financial products, services, and education to assist the underprivileged. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit their website at betterfi.co.
Mission Statement
TO PROVIDE RELIEF TO THE POOR, DISTRESSED AND UNDERPRIVILEGED, SPECIFICALLY THROUGH PROGRAMS OF FINANCIAL ASSISTANCE IN THE FORM OF AFFORDABLE FINANCIAL PRODUCTS AND SERVICES AS WELL AS FINANCIAL EDUCATION AND COACHING SERVICES FOR LOW INCOME INDIVIDUALS AND FAMILIES.
Cause Areas
1
Financial counseling
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is BetterFi’s budget?
In 2024, BetterFi reported an annual operating budget of around $270 thousand. More detailed financial information is available to registered users.
What causes does BetterFi support?
BetterFi supports work in Financial counseling.
Where does BetterFi operate?
BetterFi is headquartered in Coalmont, TN.
Who funded BetterFi recently?
In 2024, BetterFi received grants from Robert F Stone Foundation AKA Bobby Stone Foundation, The Community Foundation of Greater Chattanooga Inc, and DONOR ADVISED CHARITABLE GIVING INC. More information on this organization’s funders is available to registered users.
What is the largest grant BetterFi received in 2024?
The largest grant to BetterFi in 2024 exceeds $200 thousand.