The Beacon of Downtown Houston

Analysis

The Beacon of Downtown Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, The Beacon of Downtown Houston reported income of $5.6m and spending of $5.0m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $5.6m (+50%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Beacon of Downtown Houston 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 93rd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Carroll Institute ($5.6m), JHC Assisted Living Corp ($5.6m) and Holyoke Visiting Nurse Association Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $166k (3.3% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $3.8m against liabilities of $296k, net assets of $3.5m. It reported 47 employees.