Pottstown Beacon of Hope

Analysis

Pottstown Beacon of Hope is a registered charity in United States, based in Pottstown, PA. It received its IRS tax-exemption ruling in May 2021, 5 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, Pottstown Beacon of Hope reported income of $271k and spending of $312k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.1m to $271k (-76%), an average of -76% a year. The sharpest change came in the year to December 2023, when income dropped by 76%. Over the whole period it spent 42% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pottstown Beacon of Hope sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include Refugeeconnect ($271k), The Giving Closet ($271k) and All Aboard of America I ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $110k (35% of expenses). Other salaries and wages came to $85k. At year end it held assets of $888k against liabilities of $1,721, net assets of $886k. It reported 11 employees.