Beacon of Hope Center for Women Inc

Analysis

Beacon of Hope Center for Women Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Hope Center for Women Inc reported income of $788k and spending of $779k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $601k to $788k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2020, when income rose by 62%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beacon of Hope Center for Women Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Fayette Cares Inc ($788k), Illumination Institute ($788k) and Safespace Inc ($787k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $356k. At year end it held assets of $346k against liabilities of $409k, net assets of -$63k. It reported 10 employees.