Beacon Media Inc

Analysis

Beacon Media Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in November 2020, 6 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Beacon Media Inc reported income of $1.7m and spending of $1.5m, spending 86% of its income. Across the 4 years on record, from July 2020 to June 2023, income grew from $241k to $1.7m (+605%), an average of +92% a year. The sharpest change came in the year to July 2021, when income rose by 275%. Over the whole period it spent 87% 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 Media Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MO. Charities of a similar size with the same main cause include Ink People Inc ($1.7m), Ragazzi Boys Chorus ($1.7m) and Park Theater Trust ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $339k (23% of expenses). Other salaries and wages came to $522k. It paid $20k in professional fundraising fees. At year end it held assets of $482k against liabilities of $5,448, net assets of $477k. It reported 31 employees.