A K Bean Foundation

Analysis

A K Bean Foundation is a registered charity in United States, based in Fairfield, CA. It received its IRS tax-exemption ruling in June 1979, 47 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, A K Bean Foundation reported income of $1.6m and spending of $1.7m, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $894k to $1.6m (+76%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, A K Bean Foundation sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Frankford Volunteer Fire Co ($1.6m), West Virginia Center on Budget and Policy Inc ($1.6m) and Snohomish County Legal Services ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $846k against liabilities of $184k, net assets of $662k. It reported 28 employees.