Beacon Center of Tennessee

Analysis

Beacon Center of Tennessee is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Center of Tennessee reported income of $2.7m and spending of $2.3m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.7m (+63%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beacon Center of Tennessee sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Louisville Olmsted Parks Conservancy Inc ($2.7m), Childrens Choice of Delaware Inc ($2.7m) and Waterbury Promise Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $2.6m against liabilities of $86k, net assets of $2.5m. It reported 14 employees.