Beacon of Hope Charity Inc

Analysis

Beacon of Hope Charity Inc is a registered charity in United States, based in Valparaiso, IN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 of Hope Charity Inc reported income of $55k and spending of $62k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $77k to $55k (-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 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beacon of Hope Charity Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within IN. Charities of a similar size with the same main cause include Texas Panhandle Community Partners ($55k), Detroit Abloom ($55k) and Volusia School Fuel Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,846 against liabilities of $0, net assets of $5,846.