Beachmont Inc

Analysis

Beachmont Inc is a registered charity in United States, based in Kingsville, MD. It received its IRS tax-exemption ruling in February 1974, 52 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Beachmont Inc reported income of $2.2m and spending of $2.2m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.2m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Beachmont Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Sportz Center Academy ($2.2m), The Childrens Course Inc ($2.2m) and Perimeter Bicycling Association of America Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $95k (4.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.8m against liabilities of $315k, net assets of $2.4m. It reported 122 employees.