Beacon Arts

Analysis

Beacon Arts is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Arts reported income of $149k and spending of $141k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $149k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Beacon Arts sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within WA. Charities of a similar size with the same main cause include Dia de Los Muertos DC ($149k), Iwo Jima Association of America Inc ($149k) and Charnley-Persky House Museum Foundation ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.4% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.