BEACON OF HOPE SERVICES

MARSHALL, NC, 28753-6448 (828) 649-3470 Est. 2000 EIN 56-2241353

P40 - Family Services 990 - Public charity return 501(c)(3)

Mission

Beacon of Hope Services Mission: Connecting and Empowering our Community Through Food.

Total Revenue

$2,167,802

Total Expenses

$1,711,509

Net Assets

$1,029,062

21 employees 135 volunteers

From latest filing (tax period ending 2024-12-31)

Operating Reserve

7.2 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 115.7%

Expenses ↑ 80.6%

Revenue Sources

Contributions 75.6% Earned revenue 24.2% Investment 0.1%

Expense Breakdown

Program 92.3% Management 4.7% Fundraising 3.0%

Individual compensation is available on Grow plans.

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Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$2,167,802 ↑	$1,711,509	$1,029,062
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$1,004,858 ↓	$947,671	$572,769
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$1,342,942 ↑	$1,257,199	$487,763
2021 990 - Public charity return Jan 1, 2021 to Dec 31, 2021	$1,018,774 ↑	$906,872	$402,020
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$694,614 ↓	$592,358	$290,118
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$804,366	$761,156	$146,019