Beneficial State Foundation
Beneficial State Foundation maintains substantial assets and reports no officer compensation across all filings.
EIN: 205253663 · Oakland, CA · NTEE: W60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $7.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $117 |
| Net Assets | $115.3M |
| Transparency Score | 92/100 |
Is Beneficial State Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Beneficial State Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Beneficial State Foundation
Beneficial State Foundation (EIN: 205253663) is a nonprofit organization based in Oakland, CA, classified under NTEE code W60. The organization reported total revenue of $5.3M and total assets of $116.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Beneficial State Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Beneficial State Foundation is a mid-size nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.5M |
| Total Expenses | $7.7M |
| Surplus / Deficit | $-145,157 |
| Total Assets | $117.9M |
| Total Liabilities | $2.6M |
| Net Assets | $115.3M |
| Operating Margin | -1.9% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 184.5 months |
Financial Health Grade: B
In 2023, Beneficial State Foundation reported a deficit of $145K with expenses exceeding revenue, holds 184.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Beneficial State Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.6% | +13.4% | -3.5% |
| 2022 | -74.7% | -71.7% | +2.0% |
| 2021 | +55.0% | +111.0% | +2.7% |
| 2020 | +161.2% | +115.1% | +3.3% |
| 2019 | -74.3% | +47.5% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Beneficial State Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Beneficial State Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $145K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.2%.
Executive Compensation Analysis
Beneficial State Foundation consistently reports 0% officer compensation across all 14 available filings, indicating that no salaries are paid to its officers. This is highly unusual for an organization of its size with assets exceeding $117 million, suggesting either a volunteer-led executive structure or that executive compensation is covered by an affiliated entity, which would warrant further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Beneficial State Foundation's IRS 990 filings:
- 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
The following positive indicators were identified for Beneficial State Foundation:
- 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.
Frequently Asked Questions about Beneficial State Foundation
Is Beneficial State Foundation a legitimate charity?
Beneficial State Foundation (EIN: 205253663) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $5.3M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Beneficial State Foundation spend its money?
Beneficial State Foundation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Beneficial State Foundation tax-deductible?
Beneficial State Foundation is registered as a tax-exempt nonprofit (EIN: 205253663). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Beneficial State Foundation CEO make?
Beneficial State Foundation's highest-compensated officer earns $117 annually. The organization reported $5.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Beneficial State Foundation's spending goes to programs?
Beneficial State Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Beneficial State Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Beneficial State Foundation is above average for NTEE category W60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Beneficial State Foundation located?
Beneficial State Foundation is headquartered in Oakland, California and files with the IRS under EIN 205253663. It is classified under NTEE code W60.
How many years of IRS 990 filings does Beneficial State Foundation have?
Beneficial State Foundation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.3M in total revenue.
Is Beneficial State Foundation a good charity?
Based on the available IRS 990 data, Beneficial State Foundation appears to be a very good charity. It has substantial assets ($117,915,206 in 2023), a strong program focus, and notably reports 0% officer compensation across all filings, indicating high efficiency in directing funds to its mission.
How does Beneficial State Foundation manage its executive compensation?
Beneficial State Foundation consistently reports 0% officer compensation in all its IRS 990 filings. This suggests that its executive leadership may be entirely volunteer-based or compensated through an affiliated entity, which is a significant positive for resource allocation directly to programs.
What is the financial stability of Beneficial State Foundation?
Beneficial State Foundation demonstrates strong financial stability with assets consistently over $100 million in recent years, reaching $117,915,206 in 2023. While there are annual fluctuations in revenue and expenses, the substantial asset base provides a solid foundation for its long-term operations.
Filing History
IRS 990 filing history for Beneficial State Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Beneficial State Foundation's revenue has grown by 90.4%, moving from $4.0M to $7.5M. Total assets increased by 63.6% over the same period, from $72.1M to $117.9M. Total functional expenses rose by 438.4%, from $1.4M to $7.7M. In its most recent filing year (2023), Beneficial State Foundation reported a deficit of $145K, with expenses exceeding revenue. The organization holds $2.6M in liabilities against $117.9M in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $115.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.5M | $7.7M | $117.9M | $2.6M | — | — |
| 2022 | $5.7M | $6.8M | $122.2M | $6.8M | — | View 990 |
| 2021 | $22.4M | $23.9M | $119.9M | $6.1M | — | View 990 |
| 2020 | $14.5M | $11.3M | $116.7M | $1.5M | — | View 990 |
| 2019 | $5.5M | $5.3M | $113.0M | $971K | — | View 990 |
| 2018 | $21.6M | $3.6M | $112.5M | $739K | — | View 990 |
| 2017 | $11.6M | $2.3M | $93.8M | $86K | — | View 990 |
| 2016 | $24.6M | $2.1M | $84.5M | $90K | — | View 990 |
| 2015 | $602K | $2.0M | $61.9M | $396 | — | View 990 |
| 2014 | $7.5M | $1.6M | $63.4M | $74K | — | View 990 |
| 2013 | $11.6M | $2.1M | $57.5M | $155K | — | View 990 |
| 2012 | $1.2M | $1.8M | $50.5M | $2.4M | — | View 990 |
| 2011 | $335K | $1.1M | $51.1M | $2.4M | — | View 990 |
| 2010 | $4.0M | $1.4M | $72.1M | $22.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.5M, expenses of $7.7M, and assets of $117.9M (revenue +32.6% year-over-year).
- 2022: Revenue of $5.7M, expenses of $6.8M, and assets of $122.2M (revenue -74.7% year-over-year).
- 2021: Revenue of $22.4M, expenses of $23.9M, and assets of $119.9M (revenue +55.0% year-over-year).
- 2020: Revenue of $14.5M, expenses of $11.3M, and assets of $116.7M (revenue +161.2% year-over-year).
- 2019: Revenue of $5.5M, expenses of $5.3M, and assets of $113.0M (revenue -74.3% year-over-year).
- 2018: Revenue of $21.6M, expenses of $3.6M, and assets of $112.5M (revenue +86.3% year-over-year).
- 2017: Revenue of $11.6M, expenses of $2.3M, and assets of $93.8M (revenue -52.9% year-over-year).
- 2016: Revenue of $24.6M, expenses of $2.1M, and assets of $84.5M (revenue +3975.4% year-over-year).
- 2015: Revenue of $602K, expenses of $2.0M, and assets of $61.9M (revenue -92.0% year-over-year).
- 2014: Revenue of $7.5M, expenses of $1.6M, and assets of $63.4M (revenue -35.2% year-over-year).
- 2013: Revenue of $11.6M, expenses of $2.1M, and assets of $57.5M (revenue +909.7% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.8M, and assets of $50.5M (revenue +243.6% year-over-year).
- 2011: Revenue of $335K, expenses of $1.1M, and assets of $51.1M (revenue -91.5% year-over-year).
- 2010: Revenue of $4.0M, expenses of $1.4M, and assets of $72.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Beneficial State Foundation:
Data Sources and Methodology
This transparency report for Beneficial State Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.