Beacon Allegan Inc

Analysis

Beacon Allegan Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in July 1944, 82 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Beacon Allegan Inc reported income of $42.7m and spending of $40.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $42.6m to $42.7m (+0.1%), an average of +0.0% a year. The sharpest change came in the year to June 2021, when income rose by 98%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beacon Allegan 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 98th percentile, and in the 97th percentile within MO. Charities of a similar size with the same main cause include Bayada Home Care ($42.7m), Barrett Hospital Development Corporation ($42.7m) and Beth Israel Lahey Health Specialty Care Inc ($42.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Other salaries and wages came to $13.2m. At year end it held assets of $29.7m against liabilities of $33.9m, net assets of -$4.2m. It reported 265 employees.