Lynchburg Beacon Of Hope
EIN: 453797831 · Lynchburg, VA · NTEE: B12
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.3M |
| Net Assets | $4.6M |
Is Lynchburg Beacon Of Hope Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lynchburg Beacon Of Hope
Lynchburg Beacon Of Hope (EIN: 453797831) is a nonprofit organization based in Lynchburg, VA, classified under NTEE code B12. The organization reported total revenue of $1.5M and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lynchburg Beacon Of Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lynchburg Beacon Of Hope is a mid-size nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 16.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-214,509 |
| Total Assets | $5.0M |
| Total Liabilities | $434K |
| Net Assets | $4.6M |
| Operating Margin | -19.7% |
| Debt-to-Asset Ratio | 8.7% |
| Months of Reserves | 46.2 months |
Financial Health Grade: B
In 2023, Lynchburg Beacon Of Hope reported a deficit of $215K with expenses exceeding revenue, holds 46.2 months of operating reserves (strong position), has a debt-to-asset ratio of 8.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Lynchburg Beacon Of Hope's revenue has grown at a compound annual growth rate (CAGR) of 16.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.3% | +20.2% | +2.5% |
| 2022 | -10.5% | +9.1% | -2.5% |
| 2021 | +10.4% | +25.1% | +10.4% |
| 2020 | -37.1% | +47.7% | +13.5% |
| 2019 | +48.2% | +9.0% | +53.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lynchburg Beacon Of Hope 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 Lynchburg Beacon Of Hope 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 deficit of $215K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.7%.
Frequently Asked Questions about Lynchburg Beacon Of Hope
Is Lynchburg Beacon Of Hope a legitimate charity?
Based on AI analysis of IRS 990 filings, Lynchburg Beacon Of Hope (EIN: 453797831) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lynchburg Beacon Of Hope spend its money?
Detailed spending breakdown data is not yet available for Lynchburg Beacon Of Hope. Check back for updated IRS 990 analysis.
Are donations to Lynchburg Beacon Of Hope tax-deductible?
Lynchburg Beacon Of Hope is registered as a tax-exempt nonprofit (EIN: 453797831). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lynchburg Beacon Of Hope located?
Lynchburg Beacon Of Hope is headquartered in Lynchburg, Virginia and files with the IRS under EIN 453797831. It is classified under NTEE code B12.
How many years of IRS 990 filings does Lynchburg Beacon Of Hope have?
Lynchburg Beacon Of Hope has 12 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Lynchburg Beacon Of Hope showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Lynchburg Beacon Of Hope's revenue has grown by 448.4%, moving from $198K to $1.1M. Total assets increased by 4405.3% over the same period, from $111K to $5.0M. Total functional expenses rose by 1261%, from $96K to $1.3M. In its most recent filing year (2023), Lynchburg Beacon Of Hope reported a deficit of $215K, with expenses exceeding revenue. The organization holds $434K in liabilities against $5.0M in assets (debt-to-asset ratio: 8.7%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.3M | $5.0M | $434K | — | View 990 |
| 2022 | $1.2M | $1.1M | $4.9M | $374K | — | View 990 |
| 2021 | $1.3M | $994K | $5.0M | $370K | — | View 990 |
| 2020 | $1.2M | $795K | $4.5M | $277K | — | View 990 |
| 2019 | $1.9M | $538K | $4.0M | $158K | — | View 990 |
| 2018 | $1.3M | $494K | $2.6M | $151K | — | View 990 |
| 2017 | $1.7M | $540K | $1.8M | $129K | — | View 990 |
| 2016 | $390K | $450K | $592K | $109K | — | View 990 |
| 2015 | $482K | $354K | $584K | $41K | — | View 990 |
| 2014 | $356K | $326K | $447K | $44K | — | View 990 |
| 2013 | $368K | $98K | $388K | $16K | — | View 990 |
| 2012 | $198K | $96K | $111K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.3M, and assets of $5.0M (revenue -9.3% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $4.9M (revenue -10.5% year-over-year).
- 2021: Revenue of $1.3M, expenses of $994K, and assets of $5.0M (revenue +10.4% year-over-year).
- 2020: Revenue of $1.2M, expenses of $795K, and assets of $4.5M (revenue -37.1% year-over-year).
- 2019: Revenue of $1.9M, expenses of $538K, and assets of $4.0M (revenue +48.2% year-over-year).
- 2018: Revenue of $1.3M, expenses of $494K, and assets of $2.6M (revenue -23.3% year-over-year).
- 2017: Revenue of $1.7M, expenses of $540K, and assets of $1.8M (revenue +336.0% year-over-year).
- 2016: Revenue of $390K, expenses of $450K, and assets of $592K (revenue -19.2% year-over-year).
- 2015: Revenue of $482K, expenses of $354K, and assets of $584K (revenue +35.3% year-over-year).
- 2014: Revenue of $356K, expenses of $326K, and assets of $447K (revenue -3.2% year-over-year).
- 2013: Revenue of $368K, expenses of $98K, and assets of $388K (revenue +85.6% year-over-year).
- 2012: Revenue of $198K, expenses of $96K, and assets of $111K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lynchburg Beacon Of Hope:
Data Sources and Methodology
This transparency report for Lynchburg Beacon Of Hope 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.