Moultrie County Beacon Inc

Analysis

Moultrie County Beacon Inc is a registered charity in United States, based in Sullivan, IL. It received its IRS tax-exemption ruling in September 1974, 52 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 June 2024, Moultrie County Beacon Inc reported income of $6.6m and spending of $5.6m, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.1m to $6.6m (+63%), an average of +13% a year. The sharpest change came in the year to June 2024, when income rose by 46%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Moultrie County Beacon Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Omega Community Development Corporation ($6.6m), Somali Education and Resource Center ($6.6m) and A Greater Love Foster Family Agency Inc ($6.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 31% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $89k (1.6% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $5.9m against liabilities of $957k, net assets of $5.0m. It reported 174 employees.