Beacon Health Foundation Inc

Analysis

Beacon Health Foundation Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in March 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Beacon Health Foundation Inc reported income of $4.0m and spending of $3.2m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $4.0m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beacon Health Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Community Health Care Clinic Inc ($4.0m), Fayette County Drug & Alcohol Commission ($4.0m) and Mora Valley Community Health Services Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $687k. At year end it held assets of $42.6m against liabilities of $17k, net assets of $42.6m.