Beacon Incorporated

Analysis

Beacon Incorporated is a registered charity in United States, based in Fort Scott, KS. It received its IRS tax-exemption ruling in November 1985, 41 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 Incorporated reported income of $101k and spending of $106k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $103k to $101k (-1.9%), an average of -1.9% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beacon Incorporated sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within KS. Charities of a similar size with the same main cause include Little Wheats Inc ($101k), Bopic ($101k) and Recovery Point Ministry ($101k).

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 $384k against liabilities of $1,733, net assets of $383k.