Saint Andrews Free Bed Fund

Analysis

Saint Andrews Free Bed Fund is a registered charity in United States, based in Boothbay HBR, ME. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Saint Andrews Free Bed Fund reported income of $93k and spending of $86k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $75k to $93k (+24%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Saint Andrews Free Bed Fund sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 28th percentile within ME. Charities of a similar size with the same main cause include Marjories Hope Inc ($93k), Santa Bills Hospital Helpers ($93k) and Yeshiva Shalom Rav ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.