Beacon of Hope Community Services Inc

Analysis

Beacon of Hope Community Services Inc is a registered charity in United States, based in Leominster, MA. It received its IRS tax-exemption ruling in March 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 2023, Beacon of Hope Community Services Inc reported income of $147k and spending of $108k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $144k to $147k (+1.6%), an average of +1.6% a year. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beacon of Hope Community Services Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 52nd percentile within MA. Charities of a similar size with the same main cause include Jackson County Family Connection Council Inc ($147k), The Pantry ($147k) and Anaweza Inc ($147k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 9.6% of the total. At year end it held assets of $420k against liabilities of $0, net assets of $420k.