The B E L L Foundation Inc

Analysis

The B E L L Foundation Inc is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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, The B E L L Foundation Inc reported income of $13.5m and spending of $25.1m, spending 186% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $17.3m to $13.5m (-22%), an average of -4.8% a year. The sharpest change came in the year to December 2021, when income rose by 165%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The B E L L Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Outright Action International ($13.5m), Missouri Childrens Trust Fund Board ($13.5m) and Lakeway Center of the Handicapped Inc ($13.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $875k (3.5% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $29.2m against liabilities of $2.8m, net assets of $26.5m. It reported 107 employees.