Beacon Street Ministries

Analysis

Beacon Street Ministries is a registered charity in United States, based in Largo, FL. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Street Ministries reported income of $69k and spending of $37k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $21k to $69k (+230%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Beacon Street Ministries sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 31st percentile within FL. Charities of a similar size with the same main cause include Mature Ministries Inc ($69k), Hosanna International Ministry USA ($69k) and GND Festivals Inc ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $200k against liabilities of $0, net assets of $200k.