Beacon Community Connections Inc

Analysis

Beacon Community Connections Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in February 2019, 7 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 Community Connections Inc reported income of $1.3m and spending of $1.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $260k to $1.3m (+388%), an average of +49% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beacon Community Connections Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within LA. Charities of a similar size with the same main cause include Highlands Christian School ($1.3m), Star Kids Scholarship Program ($1.3m) and Franklin Academy Incorporated ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $78k (6.5% of expenses). Other salaries and wages came to $771k. At year end it held assets of $210k against liabilities of $18k, net assets of $191k. It reported 31 employees.