Is Beacon Charitable Pharmacy Inc Legit? —…

Quick charity verification for Beacon Charitable Pharmacy Inc (EIN: 200797475)

Strengths

Consistent and significant revenue growth, increasing from $2,566,775 in 2014 to $6,243,055 in 2023.
Strong asset accumulation, growing from $431,741 in 2014 to $1,635,616 in 2023, indicating financial stability.
Very low liabilities relative to assets and revenue, suggesting sound financial management.
Consistent reporting of 0% officer compensation, demonstrating a strong commitment to directing funds towards the mission.
Positive net income in most years, such as the $890,907 surplus in 2023, contributing to financial health.

Spending Breakdown

How Beacon Charitable Pharmacy Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Beacon Charitable Pharmacy Inc

Is Beacon Charitable Pharmacy Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Beacon Charitable Pharmacy Inc (EIN: 200797475) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is Beacon Charitable Pharmacy Inc a good charity to donate to?

Beacon Charitable Pharmacy Inc has a Mission Score of 92/100. Revenue: $6.0M. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Beacon Charitable Pharmacy Inc?

The Employer Identification Number (EIN) for Beacon Charitable Pharmacy Inc is 200797475. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Beacon Charitable Pharmacy Inc spend its money?

Beacon Charitable Pharmacy Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Beacon Charitable Pharmacy Inc's tax-exempt status?

You can verify Beacon Charitable Pharmacy Inc's tax-exempt status using EIN 200797475 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Beacon Charitable Pharmacy Inc. demonstrates strong financial health and growth, with revenue increasing from $2,566,775 in 2014 to $6,243,055 in 2023. The organization consistently manages its expenses, often operating with a surplus, as seen in 2023 where revenue exceeded expenses by nearly $900,000. This has led to a significant increase in assets, from $431,741 in 2014 to $1,635,616 in 2023, indicating sound financial management and capacity building. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency and a focus on mission-driven spending, which is a positive indicator for donors and stakeholders.

The organization's spending efficiency appears robust, particularly given its mission to provide pharmaceutical services. While specific program spending percentages are not detailed in the provided data, the absence of officer compensation implies that a substantial portion of funds is likely directed towards its charitable purpose. The consistent growth in revenue and assets, coupled with low liabilities, points to a well-managed and financially stable operation. This financial trajectory suggests the organization is effectively scaling its operations to meet demand while maintaining fiscal responsibility.

Beacon Charitable Pharmacy Inc. exhibits excellent transparency regarding executive compensation, reporting 0% for officers across all available periods. This practice, combined with a consistent filing history, contributes to a high level of trust. The organization's financial stability, marked by increasing assets and controlled liabilities, further reinforces its commitment to responsible stewardship of donor funds. Overall, Beacon Charitable Pharmacy Inc. appears to be a financially sound and transparent organization.

Is Beacon Charitable Pharmacy Inc Legit?

Verdict: Beacon Charitable Pharmacy Inc appears trustworthy

Red Flags