Beaumont Health Foundation

Analysis

Beaumont Health Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover health care, 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, Beaumont Health Foundation reported income of $37.1m and spending of $37.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $59.1m to $37.1m (-37%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 35%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beaumont Health Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Freeman Neosho Hospital ($37.1m), Central Mississippi Civic Improvement Association Inc ($37.1m) and Quality of Life Health Services Inc ($37.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $4.6m. At year end it held assets of $219.3m against liabilities of $15.2m, net assets of $204.1m.