The Beacon Resource Center Inc

Analysis

The Beacon Resource Center Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, The Beacon Resource Center Inc reported income of $187k and spending of $228k, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $124k to $187k (+51%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Beacon Resource Center Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within IN. Charities of a similar size with the same main cause include Lubbock Swim Club ($187k), Greenwich Bay Sailing Assn Inc ($187k) and Monroe-Woodbury Devilfish Aquatics Inc ($187k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $696k against liabilities of $0, net assets of $696k.