Beaumont Retirement Services Inc

Analysis

Beaumont Retirement Services Inc is a registered charity in United States, based in Bryn Mawr, PA. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Beaumont Retirement Services Inc reported income of $51.9m and spending of $22.5m, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.4m to $51.9m (+131%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beaumont Retirement Services Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Nysarc Inc Montgomery County Chapter ($51.9m), Drew Child Development Corporation Inc ($52.0m) and Invision Customized Services ($51.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.2m (5.1% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $31.5m against liabilities of $7.7m, net assets of $23.8m.