It is located north of the Arctic tree line about 150 km (93 mi) northwest of Baker Lake, Nunavut.

A delta occurs on the Beverly Lake's southern edge, which includes the Isarurjuaq Peninsula.

[5] It is the ancestral home of the Akilinirmiut, a Caribou Inuit group whose artifacts, mainly tent rings, meat caches and inuksuit were located in archeological sites.

Because of driftwood abundance from the Thelon to Beverly Lake's banks, the area was also historically a source of winter wood and a trade center for generations of other central Arctic Inuit.

[6][7][8] Paul Toolooktook (1947 - 2003), born in Beverly Lake, became an artist of some notability with his basalt stone carvings and graphite/crayon drawings.