Beacon Lighthouse Inc

Analysis

Beacon Lighthouse Inc is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in September 1974, 52 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 September 2023, Beacon Lighthouse Inc reported income of $4.6m and spending of $4.5m, spending 97% of its income. Across the 5 years on record, from March 2020 to September 2023, income grew from $2.9m to $4.6m (+60%), an average of +12% a year. The sharpest change came in the year to March 2021, when income rose by 233%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beacon Lighthouse Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Arizona Alzheimers Research Center Inc ($4.6m), Danville Life Saving and First Aid Crew Inc ($4.6m) and Emerson Health Care Foundation Inc ($4.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Other salaries and wages came to $416k. At year end it held assets of $3.4m against liabilities of $1.2m, net assets of $2.2m. It reported 56 employees.