Beacon Child Development Center

Analysis

Beacon Child Development Center is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Child Development Center reported income of $286k and spending of $290k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $101k to $286k (+182%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 232%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beacon Child Development Center sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Fund for American Diplomacy ($286k), Wyoming Foundation for Cancer Care ($286k) and Heart 2 Hand Bingham Food Pantry ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $44k (15% of expenses). Other salaries and wages came to $108k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 7 employees.