Beacon Hill Foundation

Analysis

Beacon Hill Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 March 2023, Beacon Hill Foundation reported income of $448k and spending of $188k, leaving 58% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income fell from $540k to $448k (-17%), an average of -6.0% a year. The sharpest change came in the year to March 2022, when income rose by 195%. Over the whole period it spent 21% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beacon Hill Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MI. Charities of a similar size with the same main cause include Armenian Home of New York Inc ($448k), Spirit-Peers for Independence & Recovery Inc ($448k) and Coalition for Health Funding ($448k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $24k (13% of expenses). It paid $53k in professional fundraising fees. At year end it held assets of $5.8m against liabilities of $8,758, net assets of $5.7m.