Berea College Science and Health Foundation Inc

Analysis

Berea College Science and Health Foundation Inc is a registered charity in United States, based in Berea, KY. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Berea College Science and Health Foundation Inc reported income of $670k and spending of $2.3m, spending 349% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $620k to $670k (+8.2%), an average of +2.0% a year. Over the whole period it spent 371% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Berea College Science and Health Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within KY. Charities of a similar size with the same main cause include Healthcare for Israel Inc ($670k), Blue Sea Philanthropy USA ($670k) and United Way of Union County Inc ($670k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $57.4m against liabilities of $38.2m, net assets of $19.2m.

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.