Mission
Beneficial State Foundation is a financial justice nonprofit focused on advocating for an equitable banking system. The organization sets and measures triple-bottom-line banking standards and collaborates with Beneficial State Bank to promote financial practices that serve the public interest, emphasizing ethical and sustainable banking initiatives.
Basic Information
Founded in
2006
EIN
20-5253663
Total Assets
$122.2 million
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
At a Glance
Equitable Bank Standards
A path for banks to support an equitable and regenerative future.
Clean Vehicle Assistance Program
Grants and financing to help income-qualified Californians purchase clean vehicles.
Impact Report 2023
Discover the impact we made together in 2023.
Impact Stats
Harmful Lending
Fossil Fuel Finance Reduction
We avoid all harmful lending, including fossil fuels and private prisons.
Total Outstanding Loans
Affordable Housing Loans
Outstanding loans creating and preserving affordable housing.
Total Outstanding Loans
Small Business Loans
Outstanding loans to support small businesses.
Total Outstanding Loans
Residential Solar Loans
Outstanding loans for residential solar energy projects.
Our Programs
Clean Vehicle Assistance Program
Administer the CVA Program to provide grants and affordable financing for clean vehicle purchases.
Learn MoreImpact Reports
MIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
66
60
/100
Program Expense Ratio
85.05%
16
/20
Program Revenue Growth
0.00%
2
/20
Leverage Ratio
0.05553
20
/20
Working Capital Ratio
17.07
20
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2022
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 5.425M | 95.58% |
| Program Services | 0 | 0.00% |
| Investment Income | 241.7K | 4.26% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 9.29K | 0.16% |
| Total Revenue | 5.676M | 100.00% |
Related Nonprofits
Friends Fiduciary Corporation
Societal Benefit
Alternative BankingHelios Education Foundation
Societal Benefit
Alternative BankingHealthy Kids Brighter Future Incorported
Societal Benefit
Alternative Banking
McLennan Community Investment Fund
Societal Benefit
Alternative BankingBeneficial State Foundation
Societal Benefit
Alternative Banking