Beygood Foundation

Analysis

Beygood Foundation is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in April 2022, 4 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 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, Beygood Foundation reported income of $5.4m and spending of $6.2m, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $43.6m to $5.4m (-88%), an average of -88% a year. The sharpest change came in the year to December 2023, when income dropped by 88%. Over the whole period it spent 17% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Beygood Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Waterstone Real Estate Foundation ($5.4m), United Way of Greater High Point Inc ($5.4m) and Front Porch Investments ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $265k (4.3% of expenses). Other salaries and wages came to $404k. At year end it held assets of $41.9m against liabilities of $946k, net assets of $41.0m. It reported 9 employees.