Beverly J Searles Foundation

Analysis

Beverly J Searles Foundation is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Beverly J Searles Foundation reported income of $2.3m and spending of $2.3m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $2.3m (-40%), an average of -12% a year. The sharpest change came in the year to December 2020, when income rose by 143%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beverly J Searles Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include Center for Rural Strategies Inc ($2.3m), Los Angeles House of Ruth ($2.3m) and Raindrop of Dallas ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $149k (6.4% of expenses). Other salaries and wages came to $590k. At year end it held assets of $13.2m against liabilities of $206k, net assets of $13.0m. It reported 12 employees.