Beacon Group Inc

Analysis

Beacon Group Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in April 1993, 33 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 September 2023, Beacon Group Inc reported income of $27.3m and spending of $26.1m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $22.8m to $27.3m (+20%), an average of +4.7% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beacon Group Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include Burcham Hills Retirement Center II ($27.3m), Family Place Inc ($27.3m) and The Upstate Foundation Inc ($27.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $480k (1.8% of expenses). Other salaries and wages came to $16.1m. At year end it held assets of $23.3m against liabilities of $6.3m, net assets of $17.0m. It reported 1,048 employees.