Beech Interplex Inc

Analysis

Beech Interplex Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Beech Interplex Inc reported income of $4.1m and spending of $7.0m, spending 174% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.7m to $4.1m (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Beech Interplex Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Saint Elizabeth Shelter Corporation ($4.1m), Community Housing Developers Inc ($4.1m) and Mars Holdings Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $378k (5.4% of expenses). Other salaries and wages came to $285k. At year end it held assets of $28.8m against liabilities of $37.4m, net assets of -$8.5m. It reported 11 employees.

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.