Beacon Center

Analysis

Beacon Center is a registered charity in United States, based in Watertown, SD. It received its IRS tax-exemption ruling in April 1981, 45 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Beacon Center reported income of $1.3m and spending of $1.0m, leaving 24% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $863k to $1.3m (+53%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Beacon Center sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within SD. Charities of a similar size with the same main cause include Our Saviors Senior Housing ($1.3m), Greenwood Pathway House Inc ($1.3m) and Immanuel Trinity Affordable Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $81k (8.0% of expenses). Other salaries and wages came to $429k. At year end it held assets of $2.3m against liabilities of $75k, net assets of $2.2m. It reported 18 employees.