Beacon Business Alliance

Analysis

Beacon Business Alliance is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 2014, 12 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 December 2023, Beacon Business Alliance reported income of $245k and spending of $388k, spending 158% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $341k to $245k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Beacon Business Alliance 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 58th percentile, and in the 55th percentile within WA. Charities of a similar size with the same main cause include East Village Community Coalition Inc ($245k), Trabajadores Unidos de Washington DC ($246k) and Regional Economic Development Corporation ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $85k (22% of expenses). At year end it held assets of $8,435 against liabilities of $2,515, net assets of $5,920. It reported 1 employees.