Beacon Housing Inc

Analysis

Beacon Housing Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Beacon Housing Inc reported income of $1.2m and spending of $689k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $590k to $1.2m (+109%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Beacon Housing Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Good Samaritan Ministries Inc ($1.2m), New Home Development Co Inc ($1.2m) and Evangeline Council Housing for the Elderly Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 55% of the total. Other salaries and wages came to $148k. At year end it held assets of $2.0m against liabilities of $1.3m, net assets of $645k. It reported 4 employees.