22beacon Facilities Corporation

Analysis

22beacon Facilities Corporation is a registered charity in United States, based in Hanover, MD. It received its IRS tax-exemption ruling in August 2003, 23 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 22beacon Facilities Corporation reported income of $3.9m and spending of $3.0m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $3.9m (+4.4%), an average of +1.1% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 22beacon Facilities Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Asylum Hill Family Medicine Center Inc ($3.9m), Supportive Nutritional Aid Program ($3.9m) and Mission Convalescent Home ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. At year end it held assets of $49.9m against liabilities of $45.7m, net assets of $4.2m.