Beacon of Hope Pine Island Inc

Analysis

Beacon of Hope Pine Island Inc is a registered charity in United States, based in Saint James City, FL. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Beacon of Hope Pine Island Inc reported income of $721k and spending of $454k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $389k to $721k (+85%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beacon of Hope Pine Island Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Organization of Latino Actuaries ($721k), Dress for Success Atlanta Inc ($721k) and Western Montana Chapter for the Prevention of Elder Abuse ($720k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $144k. At year end it held assets of $1.1m against liabilities of $430k, net assets of $665k. It reported 14 employees.