Beads of Courage Inc

Analysis

Beads of Courage Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Beads of Courage Inc reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.6m to $1.3m (-16%), an average of -3.4% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beads of Courage Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within AZ. Charities of a similar size with the same main cause include Good Samaritan Hospital Foundation Corvallis ($1.3m), Epilepsy Foundation Central and South Texas ($1.3m) and Cool Kids Campaign Foundation Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $157k (12% of expenses). Other salaries and wages came to $461k. At year end it held assets of $954k against liabilities of $393k, net assets of $561k. It reported 30 employees.