Quick charity verification for Beneficial State Foundation (EIN: 205253663)
Verdict: Beneficial State Foundation appears trustworthy
92/100Mission Score
$5.3MRevenue
$116.4MAssets
2Red Flags
4Strengths
Red Flags
Significant year-over-year revenue and expense volatility (e.g., revenue from $22.4M in 2021 to $5.6M in 2022, then $7.5M in 2023) could indicate reliance on large, infrequent grants or investment income fluctuations.
Consistent 0% officer compensation for an organization with over $100M in assets, while positive for efficiency, could also suggest executive compensation is reported under a different category or paid by an affiliated entity, which might obscure the full picture of administrative costs.
Strengths
Strong asset base, consistently over $100 million in recent years, providing significant financial stability ($117,915,206 in 2023).
Consistent reporting of 0% officer compensation across all 14 filings, indicating high efficiency in directing funds to programmatic activities.
NTEE code W60 (Philanthropy, Voluntarism, and Grantmaking Foundations) aligns well with its operational model and mission.
Long history of IRS 990 filings (14 filings), demonstrating consistent compliance and transparency.
Spending Breakdown
How Beneficial State Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Beneficial State Foundation
Is Beneficial State Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Beneficial State Foundation (EIN: 205253663) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
Is Beneficial State Foundation a good charity to donate to?
Beneficial State Foundation has a Mission Score of 92/100. Revenue: $5.3M. Assets: $116.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Beneficial State Foundation?
The Employer Identification Number (EIN) for Beneficial State Foundation is 205253663. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Beneficial State Foundation spend its money?
Beneficial State Foundation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Beneficial State Foundation's tax-exempt status?
You can verify Beneficial State Foundation's tax-exempt status using EIN 205253663 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Beneficial State Foundation demonstrates a strong commitment to its mission, as evidenced by its consistent program spending. In the latest filing period (202312), the organization reported expenses of $7,670,444 against revenues of $7,525,287, indicating a slight operational deficit for the year, which is not uncommon for foundations. Over the past several years, the foundation has maintained substantial assets, reaching $117,915,206 in 2023, suggesting a robust financial base for its grantmaking and programmatic activities. The organization's NTEE code W60 (Philanthropy, Voluntarism, and Grantmaking Foundations) aligns with its operational model.
The foundation's spending efficiency appears strong, with a significant portion of its expenses directed towards programs. The absence of reported officer compensation across all available filings is a notable indicator of financial transparency and a potential commitment to directing resources towards its mission rather than executive salaries. This practice, while unusual for many nonprofits, suggests a unique operational structure or a reliance on volunteer leadership for executive functions, which further enhances its efficiency profile.
Overall, Beneficial State Foundation exhibits sound financial health with substantial assets and a clear focus on its programmatic goals. The consistent lack of reported officer compensation is a significant positive for transparency and efficiency, suggesting that the organization is effectively stewarding its resources. While there have been fluctuations in annual revenue and expenses, the long-term trend shows a growing asset base, reinforcing its capacity to fulfill its philanthropic mission.