Beehive Global Inc

Analysis

Beehive Global Inc is a registered charity in United States, based in Murphy, NC. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Beehive Global Inc reported income of $492k and spending of $448k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $442k to $492k (+11%), an average of +5.5% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 91% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Beehive Global Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Open Field ($492k), Medical Missions for Children Inc ($492k) and Codespa America ($492k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $32k (7.3% of expenses). At year end it held assets of $352k against liabilities of -$2,381, net assets of $354k.