Beloit Assisted Living Inc

Analysis

Beloit Assisted Living Inc is a registered charity in United States, based in Beloit, WI. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Beloit Assisted Living Inc reported income of $213k and spending of $270k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $157k to $213k (+35%), an average of +7.9% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Beloit Assisted Living Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within WI. Charities of a similar size with the same main cause include Resolute Adult Living Facility ($213k), Rayne Elderly Housing Corporation ($213k) and Kiryas Joel Community Housing Development Organization Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $1.3m against liabilities of $23k, net assets of $1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.