The James Beard Foundation Inc

Analysis

The James Beard Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1986, 40 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 March 2023, The James Beard Foundation Inc reported income of $18.0m and spending of $17.9m, spending 99% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $15.0m to $18.0m (+20%), an average of +4.7% a year. The sharpest change came in the year to March 2020, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The James Beard Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Home School Legal Defense Association ($18.0m), San Antonio Metropolitan Ministry Inc ($18.1m) and Theodore Roosevelt Medora Foundation ($18.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $2.0m (11% of expenses). Other salaries and wages came to $2.8m. It paid $318k in professional fundraising fees. At year end it held assets of $9.2m against liabilities of $4.5m, net assets of $4.7m. It reported 55 employees.