Beacon Of Hope Ministries
Beacon Of Hope Ministries shows consistent revenue and asset growth, with zero reported officer compensation, but recent liabilities surged to $1.5 million.
EIN: 10953997 · Fort Dodge, IA · NTEE: L41 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $670K |
| Total Expenses | $755K |
| Program Spending | 85% |
| Net Assets | $1.2M |
| Transparency Score | 88/100 |
Is Beacon Of Hope Ministries Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Beacon Of Hope Ministries directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Beacon Of Hope Ministries
Beacon Of Hope Ministries (EIN: 10953997) is a nonprofit organization based in Fort Dodge, IA, classified under NTEE code L41. The organization reported total revenue of $670K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Beacon Of Hope Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Beacon Of Hope Ministries is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $755K |
| Total Expenses | $755K |
| Surplus / Deficit | +$585 |
| Total Assets | $1.2M |
| Total Liabilities | $2K |
| Net Assets | $1.2M |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 19.4 months |
Financial Health Grade: A
In 2023, Beacon Of Hope Ministries reported a surplus of $585 with revenue exceeding expenses, holds 19.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2010–2023), Beacon Of Hope Ministries's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.3% | +5.4% | -0.4% |
| 2022 | -11.2% | +28.6% | -3.6% |
| 2021 | +20.1% | +4.5% | +13.0% |
| 2020 | +0.4% | -16.2% | +9.2% |
| 2019 | -13.8% | -7.0% | +8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Of Hope Ministries with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, Beacon Of Hope Ministries allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $585, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Beacon Of Hope Ministries consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers or that compensation is negligible, which is a strong positive for directing funds to programs.
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 Of Hope Ministries's IRS 990 filings:
- Significant and unexplained increase in liabilities to $1,545,000 in 2023, which is disproportionately high compared to previous years' liabilities and current assets.
Strengths
The following positive indicators were identified for Beacon Of Hope Ministries:
- Consistent reporting of 0% officer compensation across all filings, indicating a strong commitment to directing funds to programs.
- Steady growth in assets from $722,803 in 2013 to $1,219,545 in 2023, demonstrating financial stability and accumulation.
- Expenses closely track revenues in most years, suggesting efficient utilization of funds for operational purposes.
- Long filing history (13 filings) indicates consistent compliance and operational longevity.
Frequently Asked Questions about Beacon Of Hope Ministries
Is Beacon Of Hope Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Beacon Of Hope Ministries (EIN: 10953997) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Beacon Of Hope Ministries spend its money?
Beacon Of Hope Ministries directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Beacon Of Hope Ministries tax-deductible?
Beacon Of Hope Ministries is registered as a tax-exempt nonprofit (EIN: 10953997). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Beacon Of Hope Ministries's spending goes to programs?
Beacon Of Hope Ministries directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Beacon Of Hope Ministries compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Beacon Of Hope Ministries is above average for NTEE category L41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Beacon Of Hope Ministries located?
Beacon Of Hope Ministries is headquartered in Fort Dodge, Iowa and files with the IRS under EIN 10953997. It is classified under NTEE code L41.
How many years of IRS 990 filings does Beacon Of Hope Ministries have?
Beacon Of Hope Ministries 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 $670K in total revenue.
What caused the significant increase in liabilities to $1,545,000 in the 2023 fiscal period, compared to previous years where liabilities were typically under $70,000?
The IRS 990 data shows a dramatic jump in liabilities from $7,083 in 2022 to $1,545,000 in 2023. This change is highly unusual and would require reviewing the full 990 form, specifically Part X (Balance Sheet) and Schedule D (Supplemental Financial Statements), to understand the nature of these liabilities (e.g., mortgages, program-related investments, or other debts).
Given the 0% officer compensation, how is the organization's leadership structured and compensated?
The consistent reporting of 0% officer compensation suggests either a fully volunteer-led board and executive team or that any compensation falls below the reporting threshold for officers, directors, trustees, and key employees. Further details would be in Schedule J (Compensation Information) if applicable, or in the organization's internal documents.
How does Beacon Of Hope Ministries manage to operate with expenses closely matching revenues, as seen in 2023 (Expenses=$754,557, Revenue=$755,142), while also growing its assets?
The close alignment of expenses and revenues indicates efficient spending on current operations. Asset growth, from $722,803 in 2013 to $1,219,545 in 2023, suggests that while operational spending is high, the organization has also successfully generated surpluses in other periods or received non-cash contributions that contribute to asset accumulation.
Filing History
IRS 990 filing history for Beacon Of Hope Ministries showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Beacon Of Hope Ministries's revenue has grown by 178.7%, moving from $271K to $755K. Total assets increased by 989.9% over the same period, from $112K to $1.2M. Total functional expenses rose by 272.4%, from $203K to $755K. In its most recent filing year (2023), Beacon Of Hope Ministries reported a surplus of $585, with revenue exceeding expenses. The organization holds $2K in liabilities against $1.2M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $755K | $755K | $1.2M | $2K | — | — |
| 2022 | $673K | $716K | $1.2M | $7K | — | View 990 |
| 2021 | $757K | $556K | $1.3M | $10K | — | View 990 |
| 2020 | $631K | $532K | $1.1M | $65K | — | View 990 |
| 2019 | $629K | $635K | $1.0M | $69K | — | View 990 |
| 2017 | $729K | $683K | $951K | $6K | — | — |
| 2016 | $585K | $520K | $904K | $5K | — | View 990 |
| 2015 | $633K | $597K | $839K | $5K | — | View 990 |
| 2014 | $570K | $490K | $803K | $4K | — | View 990 |
| 2013 | $536K | $312K | $723K | $3K | — | View 990 |
| 2012 | $681K | $311K | $539K | $43K | — | View 990 |
| 2011 | $321K | $264K | $169K | $44K | — | View 990 |
| 2010 | $271K | $203K | $112K | $44K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $755K, expenses of $755K, and assets of $1.2M (revenue +12.3% year-over-year).
- 2022: Revenue of $673K, expenses of $716K, and assets of $1.2M (revenue -11.2% year-over-year).
- 2021: Revenue of $757K, expenses of $556K, and assets of $1.3M (revenue +20.1% year-over-year).
- 2020: Revenue of $631K, expenses of $532K, and assets of $1.1M (revenue +0.4% year-over-year).
- 2019: Revenue of $629K, expenses of $635K, and assets of $1.0M (revenue -13.8% year-over-year).
- 2017: Revenue of $729K, expenses of $683K, and assets of $951K (revenue +24.6% year-over-year).
- 2016: Revenue of $585K, expenses of $520K, and assets of $904K (revenue -7.5% year-over-year).
- 2015: Revenue of $633K, expenses of $597K, and assets of $839K (revenue +11.1% year-over-year).
- 2014: Revenue of $570K, expenses of $490K, and assets of $803K (revenue +6.4% year-over-year).
- 2013: Revenue of $536K, expenses of $312K, and assets of $723K (revenue -21.3% year-over-year).
- 2012: Revenue of $681K, expenses of $311K, and assets of $539K (revenue +112.3% year-over-year).
- 2011: Revenue of $321K, expenses of $264K, and assets of $169K (revenue +18.4% year-over-year).
- 2010: Revenue of $271K, expenses of $203K, and assets of $112K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Beacon Of Hope Ministries:
Data Sources and Methodology
This transparency report for Beacon Of Hope Ministries 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.