Beacon Center for Equity and Hope Inc

Analysis

Beacon Center for Equity and Hope Inc is a registered charity in United States, based in Summit, NJ. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Beacon Center for Equity and Hope Inc reported income of $66k and spending of $68k, spending 103% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $50k to $66k (+31%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Beacon Center for Equity and Hope Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 33rd percentile within NJ. Charities of a similar size with the same main cause include Theodore a Opdenaker Foundation ($66k), Utah Tibetan Association ($66k) and MMC Foundation Inc ($66k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.