Beacon of Hope Medical Missions

Analysis

Beacon of Hope Medical Missions is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Medical Missions reported income of $68k and spending of $78k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $68k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Beacon of Hope Medical Missions sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within OH. Charities of a similar size with the same main cause include Waunakee Lions Foundation ($68k), Kent Firefighters Foundation KFF Toys for Joy ($68k) and Frazier & Deeter Foundation Inc ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.