Benevolence Industries Incorporated

Analysis

Benevolence Industries Incorporated is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Benevolence Industries Incorporated reported income of $18.5m and spending of $15.0m, spending 81% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $12.8m to $18.5m (+44%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Benevolence Industries Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Hill Country Community Clinic ($18.5m), Easter Seals South Florida Inc ($18.5m) and Alta Care Group Inc ($18.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $1.1m (7.7% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $10.5m against liabilities of $4.5m, net assets of $6.0m. It reported 110 employees.