Beacon Charitable Pharmacy Inc

Analysis

Beacon Charitable Pharmacy Inc is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2023, Beacon Charitable Pharmacy Inc reported income of $6.2m and spending of $5.4m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $6.2m (+65%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beacon Charitable Pharmacy Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Society for Simulation in Healthcare ($6.2m), Columbus Community Hospital Foundation ($6.2m) and Neighborhealth Center Inc ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $151k (2.8% of expenses). Other salaries and wages came to $294k. At year end it held assets of $1.6m against liabilities of $33k, net assets of $1.6m. It reported 13 employees.