Beacon Charitable Corporation
Beacon Charitable Corporation consistently operates with zero officer compensation and growing assets.
EIN: 10538501 · Alfred, ME · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $36K |
| Total Expenses | $18K |
| Program Spending | 90% |
| Net Assets | $110K |
| Transparency Score | 95/100 |
Is Beacon Charitable Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Beacon Charitable Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Beacon Charitable Corporation
Beacon Charitable Corporation (EIN: 10538501) is a nonprofit organization based in Alfred, ME, classified under NTEE code T30. The organization reported total revenue of $36K and total assets of $89K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Beacon Charitable Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Beacon Charitable Corporation is a micro nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $19K |
| Total Expenses | $18K |
| Surplus / Deficit | +$764 |
| Total Assets | $110K |
| Net Assets | $110K |
| Operating Margin | 4.0% |
| Months of Reserves | 71.7 months |
Financial Health Grade: A
In 2024, Beacon Charitable Corporation reported a surplus of $764 with revenue exceeding expenses, holds 71.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Beacon Charitable Corporation's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -47.5% | +48.8% | +3.1% |
| 2023 | +56.5% | +0.6% | +22.8% |
| 2022 | -19.7% | -44.3% | +13.4% |
| 2021 | +195.5% | +105.1% | +20.9% |
| 2020 | -12.9% | +12.5% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Beacon Charitable Corporation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Beacon Charitable Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $764, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization of any size and suggests extreme efficiency in overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Beacon Charitable Corporation:
- Consistent 0% officer compensation across all filings, indicating high efficiency.
- No reported liabilities in any filing period, demonstrating strong financial health.
- Consistent growth in assets over time, from $36,535 in 2015 to $110,315 in 2024.
- Expenses consistently well below revenue, allowing for asset accumulation.
- Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
Frequently Asked Questions about Beacon Charitable Corporation
Is Beacon Charitable Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Beacon Charitable Corporation (EIN: 10538501) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Beacon Charitable Corporation spend its money?
Beacon Charitable Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Beacon Charitable Corporation tax-deductible?
Beacon Charitable Corporation is registered as a tax-exempt nonprofit (EIN: 10538501). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Beacon Charitable Corporation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Beacon Charitable Corporation is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Beacon Charitable Corporation located?
Beacon Charitable Corporation is headquartered in Alfred, Maine and files with the IRS under EIN 10538501. It is classified under NTEE code T30.
How many years of IRS 990 filings does Beacon Charitable Corporation have?
Beacon Charitable Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $36K in total revenue.
Is Beacon Charitable Corporation a good charity?
Based on the provided financial data, Beacon Charitable Corporation appears to be a very good charity. It consistently reports zero officer compensation, maintains a healthy asset base with no liabilities, and has a history of responsible financial management, suggesting a high proportion of funds go directly to its mission.
How does Beacon Charitable Corporation manage its expenses?
The organization manages its expenses very efficiently. For example, in 2024, expenses were $18,465 against revenues of $19,229, allowing for a slight increase in assets. The consistent reporting of 0% officer compensation across all 13 filings is a key indicator of lean operational management.
What is the trend in Beacon Charitable Corporation's assets?
Beacon Charitable Corporation's assets have shown a consistent upward trend, growing from $36,535 in 2015 to $110,315 in 2024. This indicates that the organization is effectively managing its finances and accumulating resources over time.
Filing History
IRS 990 filing history for Beacon Charitable Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Beacon Charitable Corporation's revenue has grown by 193.7%, moving from $7K to $19K. Total assets increased by 647.6% over the same period, from $15K to $110K. Total functional expenses rose by 182%, from $7K to $18K. In its most recent filing year (2024), Beacon Charitable Corporation reported a surplus of $764, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $19K | $18K | $110K | $0 | — | — |
| 2023 | $37K | $12K | $107K | $0 | — | View 990 |
| 2022 | $23K | $12K | $87K | $0 | — | — |
| 2021 | $29K | $22K | $77K | $0 | — | — |
| 2020 | $10K | $11K | $64K | $0 | — | View 990 |
| 2019 | $11K | $10K | $66K | $0 | — | View 990 |
| 2018 | $9K | $8K | $65K | $0 | — | — |
| 2017 | $25K | $8K | $63K | $0 | — | View 990 |
| 2016 | $16K | $7K | $44K | $0 | — | View 990 |
| 2015 | $13K | $7K | $37K | $0 | — | View 990 |
| 2014 | $14K | $6K | $31K | $0 | — | View 990 |
| 2013 | $13K | $5K | $22K | $0 | — | View 990 |
| 2012 | $7K | $7K | $15K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $19K, expenses of $18K, and assets of $110K (revenue -47.5% year-over-year).
- 2023: Revenue of $37K, expenses of $12K, and assets of $107K (revenue +56.5% year-over-year).
- 2022: Revenue of $23K, expenses of $12K, and assets of $87K (revenue -19.7% year-over-year).
- 2021: Revenue of $29K, expenses of $22K, and assets of $77K (revenue +195.5% year-over-year).
- 2020: Revenue of $10K, expenses of $11K, and assets of $64K (revenue -12.9% year-over-year).
- 2019: Revenue of $11K, expenses of $10K, and assets of $66K (revenue +23.3% year-over-year).
- 2018: Revenue of $9K, expenses of $8K, and assets of $65K (revenue -64.0% year-over-year).
- 2017: Revenue of $25K, expenses of $8K, and assets of $63K (revenue +61.0% year-over-year).
- 2016: Revenue of $16K, expenses of $7K, and assets of $44K (revenue +26.2% year-over-year).
- 2015: Revenue of $13K, expenses of $7K, and assets of $37K (revenue -12.9% year-over-year).
- 2014: Revenue of $14K, expenses of $6K, and assets of $31K (revenue +14.5% year-over-year).
- 2013: Revenue of $13K, expenses of $5K, and assets of $22K (revenue +92.1% year-over-year).
- 2012: Revenue of $7K, expenses of $7K, and assets of $15K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Beacon Charitable Corporation:
Data Sources and Methodology
This transparency report for Beacon Charitable Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.