Beneficial State Foundation

Analysis

Beneficial State Foundation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 December 2023, Beneficial State Foundation reported income of $7.5m and spending of $7.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.5m to $7.5m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2020, when income rose by 161%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beneficial State Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Tricounty Commission on Alcohol and Drug Abuse ($7.5m), Manning Educational Association ($7.5m) and Anawim Housing ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $595k (7.8% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $117.9m against liabilities of $2.6m, net assets of $115.3m. It reported 26 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.