Beehivefund Corporation

Analysis

Beehivefund Corporation is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Beehivefund Corporation reported income of $626k and spending of $781k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $689k to $626k (-9.2%), an average of -2.4% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Beehivefund Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Tzidkus Avrohom Beinish Inc ($625k), Caldwell Hospice Foundation ($626k) and Willie Stargell Foundation Inc ($625k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $383k (49% of expenses). Other salaries and wages came to $213k. At year end it held assets of $199k against liabilities of $11k, net assets of $188k. It reported 4 employees.