Beam Center Inc
EIN: 454273449 · Brooklyn, NY
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $4.1M |
| Net Assets | $306K |
Is Beam Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Beam Center Inc
Beam Center Inc (EIN: 454273449) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $4.0M and total assets of $613K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Beam Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Beam Center Inc is a mid-size nonprofit that has been operating for 13 years, with 10 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 47.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $4.1M |
| Surplus / Deficit | +$131K |
| Total Assets | $977K |
| Total Liabilities | $671K |
| Net Assets | $306K |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 68.7% |
| Months of Reserves | 2.9 months |
Financial Health Grade: B
In 2023, Beam Center Inc reported a surplus of $131K with revenue exceeding expenses, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 68.7% (high leverage).
Financial Trends
Over 10 years of filings (2012–2023), Beam Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 47.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.1% | +65.6% | +13.2% |
| 2021 | +12.0% | +7.8% | +39.5% |
| 2019 | +29.8% | +15.7% | +95.2% |
| 2018 | +23.2% | +37.6% | +8.3% |
| 2017 | +5.0% | +6.2% | +35.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Beam Center Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Beam Center Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $131K, with revenue exceeding expenses.
- Debt-to-asset ratio: 68.7%.
Frequently Asked Questions about Beam Center Inc
Is Beam Center Inc a legitimate charity?
Beam Center Inc (EIN: 454273449) is a registered tax-exempt nonprofit based in New York. It has 10 years of IRS 990 filings on record. Total revenue: $4.0M. No red flags identified. Financial health grade: B.
How does Beam Center Inc spend its money?
Beam Center Inc reported $4.0M in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Beam Center Inc tax-deductible?
Beam Center Inc is registered as a tax-exempt nonprofit (EIN: 454273449). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Beam Center Inc located?
Beam Center Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 454273449.
How many years of IRS 990 filings does Beam Center Inc have?
Beam Center 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 $4.0M in total revenue.
Filing History
IRS 990 filing history for Beam Center Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2023), Beam Center Inc's revenue has grown by 7113.6%, moving from $59K to $4.2M. Total assets increased by 12981% over the same period, from $7K to $977K. Total functional expenses rose by 7222.8%, from $56K to $4.1M. In its most recent filing year (2023), Beam Center Inc reported a surplus of $131K, with revenue exceeding expenses. The organization holds $671K in liabilities against $977K in assets (debt-to-asset ratio: 68.7%), resulting in net assets of $306K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $4.1M | $977K | $671K | — | — |
| 2021 | $2.8M | $2.5M | $863K | $615K | — | View 990 |
| 2019 | $2.5M | $2.3M | $619K | $415K | — | View 990 |
| 2018 | $1.9M | $2.0M | $317K | $316K | — | View 990 |
| 2017 | $1.6M | $1.4M | $293K | $234K | — | View 990 |
| 2016 | $1.5M | $1.4M | $216K | $279K | — | View 990 |
| 2015 | $1.3M | $1.3M | $112K | $147K | — | View 990 |
| 2014 | $406K | $383K | $43K | $11K | — | View 990 |
| 2013 | $266K | $260K | $21K | $13K | — | View 990 |
| 2012 | $59K | $56K | $7K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $4.1M, and assets of $977K (revenue +51.1% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.5M, and assets of $863K (revenue +12.0% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.3M, and assets of $619K (revenue +29.8% year-over-year).
- 2018: Revenue of $1.9M, expenses of $2.0M, and assets of $317K (revenue +23.2% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.4M, and assets of $293K (revenue +5.0% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.4M, and assets of $216K (revenue +17.1% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $112K (revenue +213.3% year-over-year).
- 2014: Revenue of $406K, expenses of $383K, and assets of $43K (revenue +52.8% year-over-year).
- 2013: Revenue of $266K, expenses of $260K, and assets of $21K (revenue +353.1% year-over-year).
- 2012: Revenue of $59K, expenses of $56K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Beam Center Inc:
Data Sources and Methodology
This transparency report for Beam Center 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.