Beacon Senior Housing Corp

Analysis

Beacon Senior Housing Corp is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Beacon Senior Housing Corp reported income of $786k and spending of $884k, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $590k to $786k (+33%), an average of +7.4% a year. The sharpest change came in the year to September 2023, when income rose by 20%. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Beacon Senior Housing Corp sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Corporacion Para El Desarrollo Economico de Trujillo Alto ($786k), Beverly-Vermont Community Land Trust ($787k) and Mac Arthur Park Towers ($786k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $4.0m against liabilities of $7.1m, net assets of -$3.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.