Beacon Communities Charitable Fund Inc

Analysis

Beacon Communities Charitable Fund Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Beacon Communities Charitable Fund Inc reported income of $657k and spending of $484k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $388k to $657k (+70%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 69%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Beacon Communities Charitable Fund Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Teen Recovery Solutions Inc ($657k), Jennings County Community Foundation Inc ($658k) and Collington Foundation Inc ($657k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $420k against liabilities of $56k, net assets of $364k.