Beverly Farm Foundation

Analysis

Beverly Farm Foundation is a registered charity in United States, based in Godfrey, IL. It received its IRS tax-exemption ruling in August 1959, 67 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 June 2023, Beverly Farm Foundation reported income of $24.9m and spending of $28.1m, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $26.3m to $24.9m (-5.4%), an average of -1.8% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beverly Farm Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Community Counseling and Mediation Service Inc ($24.9m), Wesley Commons ($24.9m) and Hospice of Wichita Falls Inc ($24.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.1% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $270k (1.0% of expenses). Other salaries and wages came to $11.7m. At year end it held assets of $35.3m against liabilities of $9.0m, net assets of $26.3m. It reported 626 employees.