Beacon Community Foundation Inc

Analysis

Beacon Community Foundation Inc is a registered charity in United States, based in Scobey, MT. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Beacon Community Foundation Inc reported income of $152k and spending of $145k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $151k to $152k (+0.6%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 114%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Beacon Community Foundation Inc 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 48th percentile, and in the 45th percentile within MT. Charities of a similar size with the same main cause include Michigan Alliance of Union Painting Contractors-Industry Advancement ($152k), Alexs Team Foundation Inc ($152k) and Hoosier State Press Association Foundation Inc ($152k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% of the total. Other salaries and wages came to $6,915. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m. It reported 1 employees.