Beam Housing Services Inc

Analysis

Beam Housing Services Inc is a registered charity in United States, based in Lebanon, NJ. It received its IRS tax-exemption ruling in September 2011, 15 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 2021, Beam Housing Services Inc reported income of $64k and spending of $39k, leaving 40% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $42k to $64k (+52%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beam Housing Services Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 33rd percentile within NJ. Charities of a similar size with the same main cause include Hope for Kids Inc ($64k), Money Quotient NP ($64k) and Society of St Vincent de Paul St Theresa Conference ($64k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 7.8% and program service revenue 89% of the total. At year end it held assets of $8.4m against liabilities of $6.7m, net assets of $1.7m.