Beacon Foundation Inc
Beacon Foundation Inc. faces significant financial challenges with persistent deficit spending and declining assets.
EIN: 202734721 · Pittsburgh, PA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $6.2M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $16 |
| Net Assets | $16.5M |
| Transparency Score | 40/100 |
Is Beacon Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Beacon Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Beacon Foundation Inc
Beacon Foundation Inc (EIN: 202734721) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code T22. The organization reported total revenue of $4.5M and total assets of $17.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Beacon Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Beacon Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -14.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $880K |
| Total Expenses | $6.2M |
| Surplus / Deficit | $-5,294,104 |
| Total Assets | $16.6M |
| Total Liabilities | $124K |
| Net Assets | $16.5M |
| Operating Margin | -601.4% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 32.3 months |
Financial Health Grade: B
In 2024, Beacon Foundation Inc reported a deficit of $5.3M with expenses exceeding revenue, holds 32.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Beacon Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +24.7% | +22.3% | -24.1% |
| 2023 | +29.8% | +44.2% | -16.5% |
| 2022 | -10.6% | -4.2% | -10.1% |
| 2021 | -34.3% | -37.5% | -9.1% |
| 2020 | -45.9% | +45.8% | -13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Foundation Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Beacon Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $5.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization with assets exceeding $16 million and annual expenses in the millions, suggesting either a fully volunteer-led executive team or that compensation is reported under other expense categories.
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 Foundation Inc's IRS 990 filings:
- Persistent and significant deficit spending (e.g., $5.29M deficit in 202406).
- Rapid decline in total assets over the past decade (from $49.69M in 201406 to $16.63M in 202406).
- Revenue consistently far below expenses for multiple consecutive years.
- Unusually low (0%) reported officer compensation for an organization of this size, which may obscure actual executive remuneration.
Strengths
The following positive indicators were identified for Beacon Foundation Inc:
- No reported officer compensation, indicating potential volunteer leadership or efficient use of funds in this area.
Frequently Asked Questions about Beacon Foundation Inc
Is Beacon Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Beacon Foundation Inc (EIN: 202734721) significant concerns. Mission Score: 40/100. 4 red flags identified, 1 strength noted.
How does Beacon Foundation Inc spend its money?
Beacon Foundation Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Beacon Foundation Inc tax-deductible?
Beacon Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202734721). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Beacon Foundation Inc CEO make?
Beacon Foundation Inc's highest-compensated officer earns $16 annually. The organization reported $4.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Beacon Foundation Inc's spending goes to programs?
Beacon Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Beacon Foundation Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Beacon Foundation Inc is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Beacon Foundation Inc located?
Beacon Foundation Inc is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 202734721. It is classified under NTEE code T22.
How many years of IRS 990 filings does Beacon Foundation Inc have?
Beacon Foundation Inc has 10 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 $4.5M in total revenue.
Is Beacon Foundation Inc. financially sustainable?
Based on the consistent and significant deficit spending (e.g., $6.17M expenses vs. $0.88M revenue in 202406) and the sharp decline in assets from $49.69M in 201406 to $16.63M in 202406, the organization's current financial model appears unsustainable without a significant increase in revenue or reduction in expenses.
Why are assets declining so rapidly?
Assets are declining rapidly because the organization's expenses consistently and significantly exceed its revenues. For example, in 202406, expenses were $6,174,370 while revenue was only $880,266, indicating that the difference is being covered by drawing down existing assets.
What is the reason for 0% officer compensation?
The reported 0% officer compensation is highly unusual for an organization of this scale. It could mean that executive leadership is entirely volunteer-based, or that compensation is categorized differently within the IRS 990, such as under 'other salaries and wages' rather than 'officer compensation'.
How does the organization plan to address its revenue shortfall?
The provided data does not detail specific plans to address the significant revenue shortfall. The consistent pattern of expenses far exceeding revenue suggests an urgent need for strategic financial planning to increase income or drastically cut costs.
Filing History
IRS 990 filing history for Beacon Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Beacon Foundation Inc's revenue has declined by 85.1%, moving from $5.9M to $880K. Total assets decreased by 61.3% over the same period, from $43.0M to $16.6M. Total functional expenses rose by 22%, from $5.1M to $6.2M. In its most recent filing year (2024), Beacon Foundation Inc reported a deficit of $5.3M, with expenses exceeding revenue. The organization holds $124K in liabilities against $16.6M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $16.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $880K | $6.2M | $16.6M | $124K | — | View 990 |
| 2023 | $706K | $5.1M | $21.9M | $124K | — | View 990 |
| 2022 | $544K | $3.5M | $26.3M | $124K | — | View 990 |
| 2021 | $608K | $3.7M | $29.2M | $112K | — | View 990 |
| 2020 | $925K | $5.9M | $32.2M | $1 | — | View 990 |
| 2019 | $1.7M | $4.0M | $37.1M | $1 | — | View 990 |
| 2015 | $785K | $2.1M | $48.4M | $1 | — | View 990 |
| 2014 | $11.9M | $1.5M | $49.7M | $0 | — | View 990 |
| 2013 | $889K | $517K | $39.3M | $0 | — | View 990 |
| 2012 | $5.9M | $5.1M | $43.0M | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $880K, expenses of $6.2M, and assets of $16.6M (revenue +24.7% year-over-year).
- 2023: Revenue of $706K, expenses of $5.1M, and assets of $21.9M (revenue +29.8% year-over-year).
- 2022: Revenue of $544K, expenses of $3.5M, and assets of $26.3M (revenue -10.6% year-over-year).
- 2021: Revenue of $608K, expenses of $3.7M, and assets of $29.2M (revenue -34.3% year-over-year).
- 2020: Revenue of $925K, expenses of $5.9M, and assets of $32.2M (revenue -45.9% year-over-year).
- 2019: Revenue of $1.7M, expenses of $4.0M, and assets of $37.1M (revenue +117.7% year-over-year).
- 2015: Revenue of $785K, expenses of $2.1M, and assets of $48.4M (revenue -93.4% year-over-year).
- 2014: Revenue of $11.9M, expenses of $1.5M, and assets of $49.7M (revenue +1234.4% year-over-year).
- 2013: Revenue of $889K, expenses of $517K, and assets of $39.3M (revenue -84.9% year-over-year).
- 2012: Revenue of $5.9M, expenses of $5.1M, and assets of $43.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Beacon Foundation Inc:
Data Sources and Methodology
This transparency report for Beacon Foundation 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.