Beaver County Foundation

Analysis

Beaver County Foundation is a registered charity in United States, based in Beaver, PA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Beaver County Foundation reported income of $2.2m and spending of $951k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.2m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income dropped by 198%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Beaver County Foundation 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 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Greenwood Genetic Center Foundation ($2.2m), Penta Cares Foundation ($2.2m) and Bergholz Fdn-Unrestricted Enodw Ima ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $47k (4.9% of expenses). Other salaries and wages came to $2,426. At year end it held assets of $11.0m against liabilities of $1,521, net assets of $11.0m. It reported 2 employees.