Beacon of Light

Analysis

Beacon of Light is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 of Light reported income of $134k and spending of $115k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $134k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beacon of Light sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Hope Family Care Ministries Inc ($134k), Not My Child Inc ($134k) and Prince Wend Medical and Healthcare Center ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.