Beachwood Center for Wellbeing Inc

Analysis

Beachwood Center for Wellbeing Inc is a registered charity in United States, based in Wakefield, RI. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Beachwood Center for Wellbeing Inc reported income of $635k and spending of $689k, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $272k to $635k (+133%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beachwood Center for Wellbeing Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within RI. Charities of a similar size with the same main cause include Rock Recovery Inc ($635k), Black Coalition Against Covid ($635k) and Elizabeth Community Ambulance Service ($635k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $103k. At year end it held assets of $28k against liabilities of $148k, net assets of -$120k.

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.