Beacon Interfaith Housing Collaborative

Analysis

Beacon Interfaith Housing Collaborative is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Beacon Interfaith Housing Collaborative reported income of $12.9m and spending of $12.7m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $8.5m to $12.9m (+52%), an average of +8.8% a year. The sharpest change came in the year to June 2020, when income rose by 40%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Beacon Interfaith Housing Collaborative sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Meeting Professionals International ($12.9m), Local First Arizona Foundation ($12.9m) and Shackelford County Community Resource Center ($12.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $1.3m (10% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $71.8m against liabilities of $58.8m, net assets of $13.0m. It reported 57 employees.