Beacon of Hope Foundation-Ph

Analysis

Beacon of Hope Foundation-Ph is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Foundation-Ph reported income of $76k and spending of $88k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $76k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 119% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Beacon of Hope Foundation-Ph sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 33rd percentile within NV. Charities of a similar size with the same main cause include Gayle Lyn Kliever Student Fund ($76k), Asian Childrens Education Fellowship Inc ($76k) and American Friends of Chabad Educational Center in Karmiel Inc ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,542 against liabilities of $0, net assets of $5,542.