The Beekman Memorial Home
The Beekman Memorial Home: Declining Revenue, Stable Assets, and High Administrative Costs
EIN: 222744215 · New Orleans, LA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $306K |
| Program Spending | 50% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $5.5M |
| Transparency Score | 65/100 |
Is The Beekman Memorial Home Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Beekman Memorial Home directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About The Beekman Memorial Home
The Beekman Memorial Home (EIN: 222744215) is a nonprofit organization based in New Orleans, LA. The organization reported total revenue of $3.0M and total assets of $5.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Beekman Memorial Home's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Beekman Memorial Home is a mid-size nonprofit that has been operating for 37 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -7.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $188K |
| Total Expenses | $306K |
| Surplus / Deficit | $-117,356 |
| Total Assets | $5.5M |
| Total Liabilities | $1 |
| Net Assets | $5.5M |
| Operating Margin | -62.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 215.8 months |
Financial Health Grade: B
In 2024, The Beekman Memorial Home reported a deficit of $117K with expenses exceeding revenue, holds 215.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), The Beekman Memorial Home's revenue has declined at a compound annual growth rate (CAGR) of -7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -51.8% | -17.3% | -2.1% |
| 2023 | -19.3% | -23.9% | +0.5% |
| 2022 | +35.2% | +67.8% | +-0.0% |
| 2021 | -19.0% | +20.3% | +1.2% |
| 2020 | +446.9% | -3.0% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 The Beekman Memorial Home with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 50%
- fundraising: 20%
According to IRS 990 filings, The Beekman Memorial Home allocates its expenses as follows: admin: 30%, programs: 50%, fundraising: 20%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $117K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with significant assets and expenses, suggesting potential underreporting or alternative compensation structures.
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 The Beekman Memorial Home's IRS 990 filings:
- Administrative expenses ($305,726 in 2024) consistently exceed reported revenue ($297,126 in 2024), raising concerns about financial sustainability.
- The consistent reporting of 0% compensation for all highest-paid employees across multiple years is highly unusual and may indicate a lack of transparency regarding executive benefits or an all-volunteer leadership structure not explicitly stated.
- Significant and continuous decline in revenue from $814,656 in 2015 to $297,126 in 2024 without a corresponding reduction in administrative overhead.
- The organization's net assets have remained relatively stable around $5.5 million despite declining revenue and high administrative costs, suggesting reliance on existing endowments or other non-operating income sources.
Strengths
The following positive indicators were identified for The Beekman Memorial Home:
- The organization maintains a substantial asset base, with $5,518,199 in 2024, providing a buffer for operations.
- Consistent filing of financial reports indicates a basic level of compliance and transparency, even if the content raises questions.
Frequently Asked Questions about The Beekman Memorial Home
Is The Beekman Memorial Home a legitimate charity?
The Beekman Memorial Home (EIN: 222744215) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.0M. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does The Beekman Memorial Home spend its money?
The Beekman Memorial Home directs 50% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to The Beekman Memorial Home tax-deductible?
The Beekman Memorial Home is registered as a tax-exempt nonprofit (EIN: 222744215). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Beekman Memorial Home CEO make?
The Beekman Memorial Home's highest-compensated officer earns $0 annually. The organization reported $3.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Beekman Memorial Home's spending goes to programs?
The Beekman Memorial Home directs 50% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is The Beekman Memorial Home located?
The Beekman Memorial Home is headquartered in New Orleans, Louisiana and files with the IRS under EIN 222744215.
How many years of IRS 990 filings does The Beekman Memorial Home have?
The Beekman Memorial Home has 10 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 $3.0M in total revenue.
What does The Beekman Memorial Home do?
The Beekman Memorial Home is a nonprofit organization in the Unknown sector, located in New Orleans, Louisiana. It is classified under NTEE code Unknown.
How much revenue does The Beekman Memorial Home have?
The Beekman Memorial Home reported total revenue of $2,971,264. Based on 10 IRS 990 filings on record.
What are The Beekman Memorial Home's total assets?
The Beekman Memorial Home holds total assets of $5,518,199 as reported in IRS 990 filings.
Where is The Beekman Memorial Home located?
The Beekman Memorial Home is based in New Orleans, Louisiana.
What is The Beekman Memorial Home's EIN?
The Beekman Memorial Home's Employer Identification Number (EIN) is 222744215. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Beekman Memorial Home?
The Beekman Memorial Home is classified under NTEE code Unknown (Unknown).
Is The Beekman Memorial Home a registered 501(c)(3)?
The Beekman Memorial Home appears in IRS records (EIN: 222744215). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Beekman Memorial Home file IRS Form 990?
Yes, The Beekman Memorial Home has 10 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was The Beekman Memorial Home's revenue in 2024?
In the 202406 filing period, The Beekman Memorial Home reported total revenue of $188,370, total expenses of $305,726, and net assets of $5,497,719.
Is The Beekman Memorial Home's revenue growing or declining?
The Beekman Memorial Home's revenue is declining. Revenue went from $390,846 (202306) to $188,370 (202406), a -51.8% change. Based on 10 filings on record.
What is The Beekman Memorial Home's most recent 990 filing?
The most recent IRS Form 990 filing for The Beekman Memorial Home covers tax period 202406. It shows revenue of $188,370, expenses of $305,726, total assets of $5,497,719, and liabilities of $1.
How much does The Beekman Memorial Home spend on programs vs administration?
Based on IRS 990 analysis, The Beekman Memorial Home allocates approximately 50% of expenses to program services, 30% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is The Beekman Memorial Home a trustworthy charity?
Based on AI analysis of IRS 990 data, The Beekman Memorial Home shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for The Beekman Memorial Home?
The following concerns were identified: Administrative expenses ($305,726 in 2024) consistently exceed reported revenue ($297,126 in 2024), raising concerns about financial sustainability.. The consistent reporting of 0% compensation for all highest-paid employees across multiple years is highly unusual and may indicate a lack of transparency regarding executive benefits or an all-volunteer leadership structure not explicitly stated.. Significant and continuous decline in revenue from $814,656 in 2015 to $297,126 in 2024 without a corresponding reduction in administrative overhead.. The organization's net assets have remained relatively stable around $5.5 million despite declining revenue and high administrative costs, suggesting reliance on existing endowments or other non-operating income sources.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Beekman Memorial Home's strengths?
Positive indicators for The Beekman Memorial Home include: The organization maintains a substantial asset base, with $5,518,199 in 2024, providing a buffer for operations.. Consistent filing of financial reports indicates a basic level of compliance and transparency, even if the content raises questions.. These findings are derived from AI analysis of the organization's financial filings.
How does The Beekman Memorial Home compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with significant assets and expenses, suggesting potential underreporting or alternative compensation structures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 executive compensation, how does the organization attract and retain leadership, and what are the actual costs associated with their leadership structure?
The consistent $0 executive compensation is highly unusual. It could imply an all-volunteer board and executive team, or that compensation is provided through non-salary benefits or through a related entity not disclosed in these filings. Further inquiry into their operational model and leadership structure is needed to understand how they manage to operate with such a reported compensation structure.
With administrative expenses ($305,726 in 2024) exceeding revenue ($297,126 in 2024), how is the organization funding its operations, and what is the long-term sustainability plan?
The organization appears to be operating at a deficit based on reported revenue and administrative expenses. Given stable assets, they are likely drawing from endowments, investment income, or other non-operating funds to cover the shortfall. This model is not sustainable long-term without a strategy to increase revenue or significantly reduce administrative overhead.
Filing History
IRS 990 filing history for The Beekman Memorial Home showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), The Beekman Memorial Home's revenue has declined by 62.2%, moving from $498K to $188K. Total assets increased by 16.5% over the same period, from $4.7M to $5.5M. Total functional expenses rose by 49.8%, from $204K to $306K. In its most recent filing year (2024), The Beekman Memorial Home reported a deficit of $117K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $188K | $306K | $5.5M | $1 | — | — |
| 2023 | $391K | $369K | $5.6M | $1 | — | View 990 |
| 2022 | $484K | $485K | $5.6M | $1 | — | View 990 |
| 2021 | $358K | $289K | $5.6M | $1 | — | View 990 |
| 2020 | $442K | $241K | $5.5M | $0 | — | View 990 |
| 2016 | $81K | $248K | $5.6M | $0 | — | View 990 |
| 2015 | $815K | $214K | $5.7M | $0 | — | View 990 |
| 2014 | $377K | $247K | $5.1M | $0 | — | View 990 |
| 2013 | $325K | $202K | $4.8M | $1 | — | View 990 |
| 2012 | $498K | $204K | $4.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $188K, expenses of $306K, and assets of $5.5M (revenue -51.8% year-over-year).
- 2023: Revenue of $391K, expenses of $369K, and assets of $5.6M (revenue -19.3% year-over-year).
- 2022: Revenue of $484K, expenses of $485K, and assets of $5.6M (revenue +35.2% year-over-year).
- 2021: Revenue of $358K, expenses of $289K, and assets of $5.6M (revenue -19.0% year-over-year).
- 2020: Revenue of $442K, expenses of $241K, and assets of $5.5M (revenue +446.9% year-over-year).
- 2016: Revenue of $81K, expenses of $248K, and assets of $5.6M (revenue -90.1% year-over-year).
- 2015: Revenue of $815K, expenses of $214K, and assets of $5.7M (revenue +116.3% year-over-year).
- 2014: Revenue of $377K, expenses of $247K, and assets of $5.1M (revenue +16.0% year-over-year).
- 2013: Revenue of $325K, expenses of $202K, and assets of $4.8M (revenue -34.8% year-over-year).
- 2012: Revenue of $498K, expenses of $204K, and assets of $4.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Beekman Memorial Home:
Data Sources and Methodology
This transparency report for The Beekman Memorial Home 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.