Beacons Inc

Analysis

Beacons Inc is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Beacons Inc reported income of $1.4m and spending of $1.3m, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $257k to $1.4m (+446%), an average of +76% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beacons Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include National Institute of Family and Life Advocates ($1.4m), Leaders of Texas Foundation Inc ($1.4m) and Elevate Branson ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 89% of the total. Other salaries and wages came to $782k. At year end it held assets of $774k against liabilities of $8,114, net assets of $766k. It reported 41 employees.