Beth Israel Foundation for the Aged

Analysis

Beth Israel Foundation for the Aged is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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, Beth Israel Foundation for the Aged reported income of $2.2m and spending of $1.5m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.2m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beth Israel Foundation for the Aged 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 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Business Volunteers Unlimited ($2.2m), Schofield Home Health Care Services Inc ($2.2m) and Philosophers Information Center ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 8.8% of the total. Other salaries and wages came to $314k. At year end it held assets of $16.0m against liabilities of $204k, net assets of $15.8m.