Beacon House Inc

Analysis

Beacon House Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 House Inc reported income of $649k and spending of $668k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $289k to $649k (+124%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beacon House Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Top Priority Community Outreach Services Inc ($649k), Kijana Educational Empowerment Initiative ($649k) and Bay Area Center for Waldorf Teacher Training ($649k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $62k (9.3% of expenses). Other salaries and wages came to $305k. At year end it held assets of $0 against liabilities of $0, net assets of $0.