Beehive Angels Foundation Inc

Analysis

Beehive Angels Foundation Inc is a registered charity in United States, based in Yarmouth Port, MA. It received its IRS tax-exemption ruling in March 2001, 25 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 June 2023, Beehive Angels Foundation Inc reported income of $125k and spending of $52k, leaving 59% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $125k (-93%), an average of -48% a year. The sharpest change came in the year to June 2022, when income rose by 236%. Over the whole period it spent 28% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Beehive Angels Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Women of Wine Charities Inc ($125k), O Berry Center Foundation Inc ($125k) and Pinnacle Presbyterian Church Foundation Fund ($124k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $1.3m against liabilities of $429, net assets of $1.3m.