Beacon Rescue Mission

Analysis

Beacon Rescue Mission is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Beacon Rescue Mission reported income of $1.5m and spending of $1.4m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $711k to $1.5m (+114%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 148%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beacon Rescue Mission sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Project Sage Inc ($1.5m), Akron-Caton Regional Foodbank Endowment ($1.5m) and Ripen with US Child Care Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $768k. At year end it held assets of $2.2m against liabilities of $668k, net assets of $1.5m. It reported 50 employees.