Beloved Foundation

Analysis

Beloved Foundation is a registered charity in United States, based in Redlands, CA. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Beloved Foundation reported income of $432k and spending of $429k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $282k to $432k (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beloved Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Readiness Center Inc ($432k), White River Valley Electric Trust Inc ($432k) and Texas Foundation of Hope Inc ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. Compensation of current officers, directors and key employees was $31k (7.3% of expenses). Other salaries and wages came to $155k. At year end it held assets of $264k against liabilities of $11k, net assets of $253k. It reported 7 employees.