Beebe Medical Foundation

Analysis

Beebe Medical Foundation is a registered charity in United States, based in Lewes, DE. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Beebe Medical Foundation reported income of $14.4m and spending of $11.5m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.9m to $14.4m (+82%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beebe Medical Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within DE. Charities of a similar size with the same main cause include Interfaith Residence ($14.4m), Mental Health Partnerships ($14.4m) and Janian Medical Care PC ($14.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $491k (4.3% of expenses). Other salaries and wages came to $678k. At year end it held assets of $36.6m against liabilities of $572k, net assets of $36.0m.