The Beacon Resource Center Inc
EIN: 422963887 · South Bend, IN · NTEE: N31
| Metric | Value |
|---|---|
| Total Revenue | $139K |
| Total Expenses | $228K |
| Net Assets | $696K |
Is The Beacon Resource 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 The Beacon Resource Center Inc
The Beacon Resource Center Inc (EIN: 422963887) is a nonprofit organization based in South Bend, IN, classified under NTEE code N31. The organization reported total revenue of $139K and total assets of $673K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Beacon Resource Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Beacon Resource Center Inc is a small nonprofit that has been operating for 14 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $187K |
| Total Expenses | $228K |
| Surplus / Deficit | $-40,461 |
| Total Assets | $696K |
| Net Assets | $696K |
| Operating Margin | -21.6% |
| Months of Reserves | 36.7 months |
Financial Health Grade: B
In 2023, The Beacon Resource Center Inc reported a deficit of $40K with expenses exceeding revenue, holds 36.7 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2015–2023), The Beacon Resource Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.5% | +81.9% | +5.3% |
| 2022 | +41.6% | +16.5% | +7.5% |
| 2021 | +7.0% | -19.1% | +1.4% |
| 2020 | -42.8% | -38.9% | -3.0% |
| 2019 | +102.0% | +345.1% | +24.6% |
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 The Beacon Resource 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 The Beacon Resource 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 deficit of $40K, with expenses exceeding revenue.
Frequently Asked Questions about The Beacon Resource Center Inc
Is The Beacon Resource Center Inc a legitimate charity?
The Beacon Resource Center Inc (EIN: 422963887) is a registered tax-exempt nonprofit based in Indiana. It has 9 years of IRS 990 filings on record. Total revenue: $139K. No red flags identified. Financial health grade: B.
How does The Beacon Resource Center Inc spend its money?
The Beacon Resource Center Inc reported $139K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Beacon Resource Center Inc tax-deductible?
The Beacon Resource Center Inc is registered as a tax-exempt nonprofit (EIN: 422963887). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Beacon Resource Center Inc located?
The Beacon Resource Center Inc is headquartered in South Bend, Indiana and files with the IRS under EIN 422963887. It is classified under NTEE code N31.
How many years of IRS 990 filings does The Beacon Resource Center Inc have?
The Beacon Resource Center Inc has 9 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 $139K in total revenue.
Filing History
IRS 990 filing history for The Beacon Resource Center Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), The Beacon Resource Center Inc's revenue has declined by 38.4%, moving from $304K to $187K. Total assets increased by 64.4% over the same period, from $423K to $696K. Total functional expenses fell by 42.3%, from $395K to $228K. In its most recent filing year (2023), The Beacon Resource Center Inc reported a deficit of $40K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $187K | $228K | $696K | $0 | — | View 990 |
| 2022 | $188K | $125K | $661K | $0 | — | View 990 |
| 2021 | $133K | $107K | $615K | $0 | — | — |
| 2020 | $124K | $133K | $606K | $0 | — | View 990 |
| 2019 | $217K | $217K | $624K | $0 | — | View 990 |
| 2018 | $108K | $49K | $501K | $0 | — | View 990 |
| 2017 | $86K | $76K | $452K | $0 | — | View 990 |
| 2016 | $105K | $124K | $761K | $0 | — | View 990 |
| 2015 | $304K | $395K | $423K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $187K, expenses of $228K, and assets of $696K (revenue -0.5% year-over-year).
- 2022: Revenue of $188K, expenses of $125K, and assets of $661K (revenue +41.6% year-over-year).
- 2021: Revenue of $133K, expenses of $107K, and assets of $615K (revenue +7.0% year-over-year).
- 2020: Revenue of $124K, expenses of $133K, and assets of $606K (revenue -42.8% year-over-year).
- 2019: Revenue of $217K, expenses of $217K, and assets of $624K (revenue +102.0% year-over-year).
- 2018: Revenue of $108K, expenses of $49K, and assets of $501K (revenue +24.3% year-over-year).
- 2017: Revenue of $86K, expenses of $76K, and assets of $452K (revenue -17.9% year-over-year).
- 2016: Revenue of $105K, expenses of $124K, and assets of $761K (revenue -65.4% year-over-year).
- 2015: Revenue of $304K, expenses of $395K, and assets of $423K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Beacon Resource Center Inc:
Data Sources and Methodology
This transparency report for The Beacon Resource 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.