Beards for Benefits Inc

Analysis

Beards for Benefits Inc is a registered charity in United States, based in Donalsonville, GA. It received its IRS tax-exemption ruling in February 2017, 9 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 (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, Beards for Benefits Inc reported income of $104k and spending of $38k, leaving 64% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $104k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 70% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beards for Benefits Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within GA. Charities of a similar size with the same main cause include MTS Sickle Cell Foundation ($104k), Crush ALS Inc ($104k) and Mid-Atlantic Burn Camp Fund Incorporated ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.