Beacon Orthopaedic Research & Education Foundation

Analysis

Beacon Orthopaedic Research & Education Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Beacon Orthopaedic Research & Education Foundation reported income of $169k and spending of $225k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $169k (+73%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 725%. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beacon Orthopaedic Research & Education Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include An Angels Wing Inc ($169k), Cops 4 Cancer Inc ($169k) and Prescription Drug Assistance Foundation ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 134% of the total. Other salaries and wages came to $47k. At year end it held assets of $258k against liabilities of $425k, net assets of -$168k.

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.