Beta Foundation

Analysis

Beta Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Beta Foundation reported income of $19.9m and spending of $15.7m, leaving 21% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $8.2m to $19.9m (+144%), an average of +25% a year. The sharpest change came in the year to August 2020, when income rose by 70%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beta Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Highline Academy Incorporation ($19.9m), Village Community School ($20.0m) and Ofl William S Hart Inc ($19.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $550k (3.5% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $41.4m against liabilities of $23.8m, net assets of $17.6m. It reported 177 employees.