Beacon Preservation Inc
Beacon Preservation Inc. shows inconsistent revenue and asset reporting, operating with zero officer compensation.
EIN: 141991558 · New Milford, CT · NTEE: A80 · Updated: 2026-03-28
Is Beacon Preservation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Beacon Preservation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Beacon Preservation Inc
Beacon Preservation Inc (EIN: 141991558) is a nonprofit organization based in New Milford, CT, classified under NTEE code A80. The organization reported total revenue of $14K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Beacon Preservation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Beacon Preservation Inc is a micro nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -22.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $7K |
| Surplus / Deficit | +$7K |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 50.9% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2023, Beacon Preservation Inc reported a surplus of $7K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2014–2023), Beacon Preservation Inc's revenue has declined at a compound annual growth rate (CAGR) of -22.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -100.0% | -79.2% | -0.2% |
| 2019 | -100.0% | -53.9% | -71.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
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 Preservation Inc with a Mission Score of 55 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 Preservation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is commendable for a nonprofit of its size and financial variability.
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 Preservation Inc's IRS 990 filings:
- 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.
Strengths
The following positive indicators were identified for Beacon Preservation Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds regarding executive pay.
- Consistent filing of IRS Form 990s over ten periods, demonstrating regulatory compliance.
- Latest filing (2023) shows positive net income ($14,242 revenue vs. $6,990 expenses).
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) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Beacon Preservation Inc spend its money?
Beacon Preservation Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Beacon Preservation Inc tax-deductible?
Beacon Preservation Inc is registered as a tax-exempt nonprofit (EIN: 141991558). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Beacon Preservation Inc. financially stable?
No, the organization's financial stability is questionable due to highly inconsistent revenue generation, frequently reporting $0 revenue, and periods where expenses significantly exceed revenue, such as in 2022 ($0 revenue, $7,252 expenses) and 2020 ($9,050 revenue, $20,732 expenses).
How does Beacon Preservation Inc. fund its operations?
The funding sources are highly erratic, with revenue fluctuating dramatically. While some years show significant revenue (e.g., $281,004 in 2016), other years report no revenue at all, suggesting reliance on intermittent grants, donations, or project-specific funding rather than a stable, diversified income stream.
What is the organization's approach to executive compensation?
Beacon Preservation Inc. consistently reports 0% officer compensation, indicating that its leadership operates on a volunteer basis, which is a positive sign for donor trust regarding administrative costs.
Why do assets and liabilities frequently fluctuate to zero?
The frequent reporting of $0 assets and liabilities in recent years (e.g., 2023, 2021, 2020, 2019) after periods of substantial assets (e.g., $225,813 in 2022, $278,439 in 2016) is unusual and could indicate inconsistent reporting practices, asset transfers, or a highly project-based operational model where assets are acquired and disposed of quickly, warranting further investigation for clarity.
Filing History
IRS 990 filing history for Beacon Preservation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Beacon Preservation Inc's revenue has declined by 90.3%, moving from $147K to $14K. Total assets decreased by 100% over the same period, from $17K to $0. Total functional expenses fell by 95.5%, from $155K to $7K. In its most recent filing year (2023), Beacon Preservation Inc reported a surplus of $7K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14K | $7K | $0 | $0 | — | — |
| 2022 | $0 | $7K | $226K | $233K | — | — |
| 2021 | $0 | $4K | $228K | $228K | — | — |
| 2020 | $9K | $21K | $229K | $229K | — | — |
| 2019 | $0 | $19K | $7K | $7K | — | View 990 |
| 2018 | $587 | $41K | $24K | $24K | — | View 990 |
| 2017 | $14K | $43K | $244K | $161K | — | — |
| 2016 | $281K | $42K | $278K | $196K | — | View 990 |
| 2015 | $46K | $52K | $5K | $14K | — | View 990 |
| 2014 | $147K | $155K | $17K | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14K, expenses of $7K, and assets of $0.
- 2022: Revenue of $0, expenses of $7K, and assets of $226K.
- 2021: Revenue of $0, expenses of $4K, and assets of $228K (revenue -100.0% year-over-year).
- 2020: Revenue of $9K, expenses of $21K, and assets of $229K.
- 2019: Revenue of $0, expenses of $19K, and assets of $7K (revenue -100.0% year-over-year).
- 2018: Revenue of $587, expenses of $41K, and assets of $24K (revenue -95.7% year-over-year).
- 2017: Revenue of $14K, expenses of $43K, and assets of $244K (revenue -95.1% year-over-year).
- 2016: Revenue of $281K, expenses of $42K, and assets of $278K (revenue +506.0% year-over-year).
- 2015: Revenue of $46K, expenses of $52K, and assets of $5K (revenue -68.5% year-over-year).
- 2014: Revenue of $147K, expenses of $155K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Beacon Preservation Inc:
Data Sources and Methodology
This transparency report for Beacon Preservation 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.