Emory Beacon of Light

Analysis

Emory Beacon of Light is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1974, 52 years ago. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending December 2023, Emory Beacon of Light reported income of $454k and spending of $518k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $454k (-76%), an average of -30% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Emory Beacon of Light sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 42nd percentile within DC. Charities of a similar size with the same main cause include Honoring Our Fallen Incorporated ($454k), Soldier on Foundation Inc ($454k) and Thoracic Surgery Directors Association ($454k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 20% of the total. Other salaries and wages came to $315k. At year end it held assets of $5.3m against liabilities of $4.4m, net assets of $874k. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.