Charity Search / JOE BEASLEY MEMORIAL FOUNDATION INC
Arts, Culture & Humanities (A68) 990 on File

JOE BEASLEY MEMORIAL FOUNDATION INC

EIN: 01-0649656 · BESSEMER, AL 35020-6052 · United States · FY 2024 Data
3 out of 5 45 / 100 Based on 2+ years of filings
Financial strength (30%) 72/100
Reliability (20%) 55/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$11
Total Revenue
$3K
Total Expenses
$244K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 73.4%
Fundraising Efficiency N/A
Operating Reserve 974.04x
Liability-to-Asset N/A
Revenue Diversification 100.0%
Compared with Peers
FY 2024
Compared with 11,935 similar organizations (United States, Arts, Culture & Humanities, under $100K in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
73.4% 82.6%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
974.0 mo 16.5 mo
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
100.0% 89.5%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
-99.5% 1.6%
P10P90
Expense growth
Year over year expense growth
47.4% 1.2%
P10P90
Surplus margin
Surplus as a share of revenue
-27281.8% 9.3%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $11 $3K $244K 73.4% —
2023 $2K $2K $247K 100.0% —
2022 $3K $3K $247K 68.6% —
2021 $7K $3K N/A — 1
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Organization Details
EIN
01-0649656
State
AL
City
BESSEMER
ZIP
35020-6052
Classification
A68
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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