Beacon Harbor Inc

Analysis

Beacon Harbor Inc is a registered charity in United States, based in Greenwood, MS. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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 Harbor Inc reported income of $406k and spending of $271k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $397k to $406k (+2.1%), an average of +0.5% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beacon Harbor Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MS. Charities of a similar size with the same main cause include Massachusetts Union of Public Housing Tenants Inc ($406k), Peoria Players ($406k) and Pacific Region Missionaries of Our Lady of LA Salette ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $100k (37% of expenses). At year end it held assets of $777k against liabilities of $96k, net assets of $681k.