Beam Foundation

Analysis

Beam Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Beam Foundation reported income of $201k and spending of $216k, spending 108% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $182k to $201k (+10%), an average of +10% a year. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beam Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Aledo Band Boosters Club ($201k), Bishop State Community College Foundation ($201k) and Lyme Free Library ($201k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $223k against liabilities of $680, net assets of $222k.