Beneficial Ai Foundation

Analysis

Beneficial Ai Foundation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover science and technology, 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, Beneficial Ai Foundation reported income of $1.9m and spending of $644k, leaving 65% of income unspent that year. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Beneficial Ai Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within DE. Charities of a similar size with the same main cause include Craterian Performances Company ($1.9m), North Dakota Museum of Art ($1.9m) and Providence Art Club ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $10k, net assets of $1.2m.