Beacon Hill

Analysis

Beacon Hill is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2021, Beacon Hill reported income of $1.1m and spending of $775k, leaving 29% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $585k to $1.1m (+87%), an average of +37% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Beacon Hill sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within AK. Charities of a similar size with the same main cause include In Focus of Cleveland Inc ($1.1m), Instituto Parr El Desarrollo Socio Economico Y de Vivienca de PR Inc ($1.1m) and Stepstone Inc ($1.1m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $86k (11% of expenses). Other salaries and wages came to $286k. At year end it held assets of $618k against liabilities of $289, net assets of $618k. It reported 26 employees.