Scott J Beigel Memorial Fund Inc

Analysis

Scott J Beigel Memorial Fund Inc is a registered charity in United States, based in Dix Hills, NY. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Scott J Beigel Memorial Fund Inc reported income of $572k and spending of $692k, spending 121% of what it took in. Across the 4 years on record, from December 2018 to December 2023, income grew from $294k to $572k (+94%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Scott J Beigel Memorial Fund Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include St Paul Presbyterian Church Day Care Center ($572k), Willow Tree Missions ($572k) and Selamta Family Project Inc ($572k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $47k against liabilities of $6,588, net assets of $40k.

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.