United Veterans Beacon House Inc

Analysis

United Veterans Beacon House Inc is a registered charity in United States, based in Bayshore, NY. It received its IRS tax-exemption ruling in March 1996, 30 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 September 2023, United Veterans Beacon House Inc reported income of $12.3m and spending of $10.9m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.4m to $12.3m (+47%), an average of +10% a year. The sharpest change came in the year to September 2022, when income rose by 34%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United Veterans Beacon House Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Promesa Administrative Services Organization Inc Paso ($12.3m), Urban League of Broward County Incorporated ($12.3m) and Yellowstone Boys and Girls Ranch Foundation Inc ($12.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $313k (2.9% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $31.8m against liabilities of $21.8m, net assets of $10.0m. It reported 219 employees.