I Am Beacon Inc

Analysis

I Am Beacon Inc is a registered charity in United States, based in Beacon, NY. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, I Am Beacon Inc reported income of $55k and spending of $31k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $55k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, I Am Beacon Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Charleston County Masonic Assn Inc ($55k), GHF Residential Services ($55k) and Junior League of Akron Ohio Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 39% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.