Is Beacon Preservation Inc Legit?

Red Flags

Highly inconsistent revenue, with frequent $0 revenue years (2022, 2021, 2019).
Frequent periods where expenses exceed revenue, leading to operational deficits (e.g., 2022, 2020, 2018, 2017, 2015, 2014).
Significant fluctuations and frequent reporting of $0 assets and liabilities, raising questions about financial reporting consistency and asset management.
Lack of detailed functional expense breakdown in provided data makes it difficult to assess program efficiency accurately.

Spending Breakdown

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

75%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

10%

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 Preservation Inc

Is Beacon Preservation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Beacon Preservation Inc (EIN: 141991558) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.

Is Beacon Preservation Inc a good charity to donate to?

Beacon Preservation Inc has a Mission Score of 55/100. Revenue: $14K. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Beacon Preservation Inc?

The Employer Identification Number (EIN) for Beacon Preservation Inc is 141991558. 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 Preservation Inc spend its money?

Beacon Preservation Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

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

You can verify Beacon Preservation Inc's tax-exempt status using EIN 141991558 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 Preservation Inc. exhibits a highly inconsistent financial history, with revenue fluctuating wildly from $0 to $281,004 over the past decade. The organization frequently reports zero revenue, as seen in 2022, 2021, and 2019, which raises concerns about its sustainability and funding model. While the latest filing shows a positive net income with $14,242 in revenue against $6,990 in expenses, the overall trend suggests a struggle to maintain consistent financial operations. The organization consistently reports 0% officer compensation, indicating a volunteer-driven leadership, which is a positive for donor confidence regarding executive pay. However, the recurring pattern of zero assets and liabilities in recent years (2023, 2021, 2020, 2019, 2018) after periods of significant assets and liabilities suggests potential issues with asset management or reporting consistency, impacting overall transparency.

The organization's spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the frequent reporting of expenses exceeding revenue in multiple years (e.g., 2022, 2020, 2018, 2017, 2015, 2014) indicates periods of operational deficits. The latest filing shows expenses at approximately 49% of revenue, which is efficient for that specific year, but this doesn't reflect the broader historical context. The lack of detailed expense categories (program, admin, fundraising) in the provided data limits a precise evaluation of how efficiently funds are allocated to its mission. The NTEE code A80 (Historical Societies and Historic Preservation) suggests a clear program focus, but the financial data doesn't directly confirm program spending levels.

Transparency is moderate. The consistent filing of IRS Form 990s over ten periods demonstrates a commitment to regulatory compliance. The clear reporting of 0% officer compensation is a strong point for transparency regarding executive pay. However, the significant fluctuations in reported assets and liabilities, including periods of zero assets and liabilities, without further context, could be perceived as a lack of clarity regarding the organization's financial position. A more detailed breakdown of expenses would significantly enhance transparency and allow for a better understanding of how donor funds are utilized.

Verdict: Beacon Preservation Inc shows mixed signals