Beautywell Project

Analysis

Beautywell Project is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Beautywell Project reported income of $131k and spending of $178k, spending 136% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $174k to $131k (-25%), an average of -9.0% a year. The sharpest change came in the year to December 2021, when income dropped by 26%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Beautywell Project sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Okinawa Association of America ($131k), Pirchei Shoshanim Inc ($131k) and Band Together Pittsburgh ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $85k (48% of expenses). Other salaries and wages came to $16k. At year end it held assets of $31k against liabilities of $3,768, net assets of $28k.

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.