BENEFICIAL AI FOUNDATION

EIN: 884400777 501(c)(3) Science & Technology

WILMINGTON, DE

Total Revenue
$125,000
Total Expenses
$670,550
Total Assets
$720,808
Net Assets
$674,616
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DE
Principal Officer
MAX TEGMARK
Phone
7813338813
Tax Period
2024-01-01 to 2024-12-31

BENEFICIAL AI FOUNDATION, founded in 2022, is a small nonprofit in the Science & Technology sector that reported $125K in total revenue in fiscal year 2024. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $671K exceeded revenue, resulting in a 436% operating deficit.

Mission

TO ENSURE THAT AI TECHNOLOGY DOESNT CAUSE HARM.

Program Service Accomplishments

Program 1
Expenses: $579,010 Revenue: $0

TO PLACE AI SAFETY ON A SOLID QUANTITATIVE FOUNDATION. ENGINEERS IN OTHER SAFETY-CRITICAL FIELDS HAVE SUCCESSFULLY QUANTIFIED FAILURE RATES FOR TECHNOLOGIES FROM JET ENGINES TO NUCLEAR REACTORS AND...

Read more

TO PLACE AI SAFETY ON A SOLID QUANTITATIVE FOUNDATION. ENGINEERS IN OTHER SAFETY-CRITICAL FIELDS HAVE SUCCESSFULLY QUANTIFIED FAILURE RATES FOR TECHNOLOGIES FROM JET ENGINES TO NUCLEAR REACTORS AND USED THIS UNDERSTANDING TO MAKE THEM MUCH SAFER. OUR MISSION IS TO DO THE SAME FOR AI SYSTEMS THAT WILL IMPACT PEOPLES LIVES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $125,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $125,000

Expense Breakdown

Grants Paid $360,265
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $579,010
Other Expenses $310,285
TOTAL EXPENSES $670,550

Year-over-Year Comparison

2024 2023 Change
Revenue $125,000 $1,865,000 -0.9%
Expenses $670,550 $644,009 +0.0%
Net Income $-545,550 $1,220,991 -1.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$457,840
Total Directors
2
$457,840
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAX TEGMARK PRESIDENT AND TREASURER 2.00
Officer Director
$0 $0 $457,840
N/A SECRETARY 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $125,000 $670,550 $720,808 $-545,550
2023 $1,865,000 $644,009 $1,230,297 $1,220,991
Explore More Nonprofits
→Top 100 Nonprofits in Delaware →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare BENEFICIAL AI FOUNDATION with other nonprofits in Delaware and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.