Beechwood Inc

Analysis

Beechwood Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Beechwood Inc reported income of $1.2m and spending of $1.4m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.2m (-39%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beechwood Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Our Youth Inc ($1.2m), Regenerative Organic Standards Working Group ($1.2m) and Adult Day Services of the Tri Citi ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $189k (13% of expenses). Other salaries and wages came to $811k. At year end it held assets of $447k against liabilities of $205k, net assets of $242k. It reported 47 employees.