Beacon Charitable Pharmacy Inc
Beacon Charitable Pharmacy Inc. shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 200797475 · Canton, OH · NTEE: E60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.0M |
| Total Expenses | $5.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $1.6M |
| Transparency Score | 92/100 |
Is Beacon Charitable Pharmacy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Beacon Charitable Pharmacy Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Beacon Charitable Pharmacy Inc
Beacon Charitable Pharmacy Inc (EIN: 200797475) is a nonprofit organization based in Canton, OH, classified under NTEE code E60. The organization reported total revenue of $6.0M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Beacon Charitable Pharmacy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Beacon Charitable Pharmacy Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.2M |
| Total Expenses | $5.4M |
| Surplus / Deficit | +$891K |
| Total Assets | $1.6M |
| Total Liabilities | $33K |
| Net Assets | $1.6M |
| Operating Margin | 14.3% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 3.7 months |
Financial Health Grade: A
In 2023, Beacon Charitable Pharmacy Inc reported a surplus of $891K with revenue exceeding expenses, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Beacon Charitable Pharmacy Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.6% | +8.8% | +115.5% |
| 2022 | +11.0% | +14.6% | -8.0% |
| 2021 | +9.3% | +9.7% | +14.3% |
| 2020 | +5.6% | +5.5% | +15.7% |
| 2019 | +31.6% | +28.7% | +9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Pharmacy Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Beacon Charitable Pharmacy Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $891K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization of this size with over $6 million in annual revenue.
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.
Red Flags
The following concerns were identified during AI analysis of Beacon Charitable Pharmacy Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this scale, which might warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Beacon Charitable Pharmacy Inc:
- 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.
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) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Beacon Charitable Pharmacy Inc spend its money?
Beacon Charitable Pharmacy Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Beacon Charitable Pharmacy Inc tax-deductible?
Beacon Charitable Pharmacy Inc is registered as a tax-exempt nonprofit (EIN: 200797475). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Beacon Charitable Pharmacy Inc CEO make?
Beacon Charitable Pharmacy Inc's highest-compensated officer earns $6 annually. The organization reported $6.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Beacon Charitable Pharmacy Inc's spending goes to programs?
Beacon Charitable Pharmacy Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Beacon Charitable Pharmacy Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Beacon Charitable Pharmacy Inc is above average for NTEE category E60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Beacon Charitable Pharmacy Inc located?
Beacon Charitable Pharmacy Inc is headquartered in Canton, Ohio and files with the IRS under EIN 200797475. It is classified under NTEE code E60.
How many years of IRS 990 filings does Beacon Charitable Pharmacy Inc have?
Beacon Charitable Pharmacy Inc 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 $6.0M in total revenue.
How does Beacon Charitable Pharmacy Inc. manage to operate without officer compensation?
The filings consistently show 0% officer compensation, which could indicate that executive leadership is entirely volunteer-based, compensated through other means not classified as 'officer compensation' on the 990, or that the organization has a unique operational structure.
What is the primary driver of Beacon Charitable Pharmacy Inc.'s significant revenue growth?
While the specific sources are not detailed in the provided data, the consistent and substantial increase in revenue from $2.5M in 2014 to over $6.2M in 2023 suggests successful fundraising, grants, or an expanding service model.
Are the increasing assets indicative of program expansion or reserve building?
The growth in assets from $431,741 in 2014 to $1,635,616 in 2023 could support either program expansion, such as acquiring more inventory or facilities, or building a robust financial reserve to ensure long-term sustainability.
Filing History
IRS 990 filing history for Beacon Charitable Pharmacy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Beacon Charitable Pharmacy Inc's revenue has grown by 242.7%, moving from $1.8M to $6.2M. Total assets increased by 428.3% over the same period, from $310K to $1.6M. Total functional expenses rose by 215.2%, from $1.7M to $5.4M. In its most recent filing year (2023), Beacon Charitable Pharmacy Inc reported a surplus of $891K, with revenue exceeding expenses. The organization holds $33K in liabilities against $1.6M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.2M | $5.4M | $1.6M | $33K | — | — |
| 2022 | $4.9M | $4.9M | $759K | $38K | — | View 990 |
| 2021 | $4.4M | $4.3M | $825K | $33K | — | View 990 |
| 2020 | $4.0M | $3.9M | $722K | $25K | — | View 990 |
| 2019 | $3.8M | $3.7M | $624K | $22K | — | View 990 |
| 2018 | $2.9M | $2.9M | $570K | $58K | — | View 990 |
| 2017 | $2.6M | $2.6M | $574K | $56K | — | — |
| 2016 | $2.7M | $2.5M | $577K | $58K | — | View 990 |
| 2015 | $2.2M | $2.2M | $370K | $58K | — | View 990 |
| 2014 | $2.6M | $2.5M | $432K | $57K | — | View 990 |
| 2013 | $2.9M | $3.0M | $372K | $40K | — | View 990 |
| 2012 | $2.3M | $2.2M | $480K | $32K | — | View 990 |
| 2011 | $1.8M | $1.7M | $310K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.2M, expenses of $5.4M, and assets of $1.6M (revenue +28.6% year-over-year).
- 2022: Revenue of $4.9M, expenses of $4.9M, and assets of $759K (revenue +11.0% year-over-year).
- 2021: Revenue of $4.4M, expenses of $4.3M, and assets of $825K (revenue +9.3% year-over-year).
- 2020: Revenue of $4.0M, expenses of $3.9M, and assets of $722K (revenue +5.6% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.7M, and assets of $624K (revenue +31.6% year-over-year).
- 2018: Revenue of $2.9M, expenses of $2.9M, and assets of $570K (revenue +11.7% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.6M, and assets of $574K (revenue -4.0% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.5M, and assets of $577K (revenue +23.3% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.2M, and assets of $370K (revenue -15.1% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.5M, and assets of $432K (revenue -11.9% year-over-year).
- 2013: Revenue of $2.9M, expenses of $3.0M, and assets of $372K (revenue +24.8% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.2M, and assets of $480K (revenue +28.1% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.7M, and assets of $310K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Beacon Charitable Pharmacy Inc:
Data Sources and Methodology
This transparency report for Beacon Charitable Pharmacy Inc 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.