Joe Beretta Foundation

Analysis

Joe Beretta Foundation is a registered charity in United States, based in Mount Juliet, TN. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Joe Beretta Foundation reported income of $422k and spending of $158k, leaving 63% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $140k to $422k (+202%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 67% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Joe Beretta Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include Hellenic Medical Society of New York Inc ($422k), Port Area Ambulance Service Inc ($422k) and Southern Humboldt Community Healthcare Foundation ($422k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $66k (42% of expenses). At year end it held assets of $573k against liabilities of $0, net assets of $573k. It reported 2 employees.