Beds Plus Inc

Analysis

Beds Plus Inc is a registered charity in United States, based in LA Grange, IL. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 June 2023, Beds Plus Inc reported income of $7.0m and spending of $4.8m, leaving 32% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $7.0m (+274%), an average of +55% a year. The sharpest change came in the year to June 2021, when income rose by 137%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beds Plus Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include North Oakland Residential Services Inc ($7.0m), Public Advocates Inc ($7.0m) and Country School Inc ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $7.4m against liabilities of $904k, net assets of $6.5m. It reported 59 employees.