North Carolina · Nonprofit
Beacon of Hope Services Inc
Beacon of Hope Services Inc (North Carolina) receives grants from 18 organizations whose IRS filings report $1,150,733 to it, the largest being IMPACT HEALTH ($329,402). 9 of them have funded it in more than one year.
- Revenue FY2024
- $2.2M
- Funders on record
- 18
- Grants received
- $1.2M
- Net assets
- $1.0M
What Beacon of Hope Services Inc does
Mission
Beacon of Hope Services Mission: Connecting and Empowering our Community Through Food.
As stated on its FY2024 Form 990.
Programs
Beacon of Hope has been working to increase food security for low-income families in Madison and surrounding counties for the past 28 years. Our pantry is a seven-day-a- week operation, hosting five food programs and providing weekly food assistance for approximately 1,500 families. Our thrift store is open 6 days a week and offers a low-cost retail alternative for the community, while also offering assistance with clothing and household to families who qualify for our food assistance programs. Additionally, Beacon owns and operates the only laundromat in Madison County.
$1,579,857 spentof which $1,175,010 as grants$525,217 earned by the program100% of program spendingHunger relief through Food Pantry Programming: - Families served - 13,334 (28,460 Individuals) - Pounds of food distributed - 691,479 Thrift Store Assistance (through voucher program): - 976 vouchers distributed - 976 households, 2,416 community members - $65,032 worth of clothing and household assistance provided
Beacon of Hope is a Human Services Organization within the Healthy Opportunities Pilot Program. This program, funded through Medicaid reimbursement, aims to reduce health care expenses for vulnerable individuals by ensuring underlying basic needs, such as food and housing, are met. Through HOP, Beacon is able to offer qualifying families the opportunity to shop for weekly groceries using a points-based system. This program is housed in a second, satellite location, located about 2 miles away from Beacons main facility. Hunger Relief through Healthy Opportunities Programming: - Food assistance provided - 785 Healthy Food Boxes - Funds invested in healthy food boxes - $428,114 Beacon of Hope also owns and operates the only laundromat in Madison County.
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,579,857.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $495k to $1.1M (+114%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 3% · 2022 1%. Grants only. Government contracts and fees sit inside program revenue.
76% of Beacon of Hope Services Inc’s revenue is contributions — about as donation-reliant as the typical peer (81% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Jessi Koontz
Executive Director
Board chair
Robert A Clifford
Board Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 9 funders, grant income rose $0 → $191k.
9 of 18 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 32% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Beacon of Hope Services Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Beacon of Hope Services Inc has a broad base — no single funder exceeds 29% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
93% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Beacon of Hope Services Inc.
Largest funder’s share by year: 2020 34% · 2021 60% · 2022 48% · 2023 36% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
57% of Beacon of Hope Services Inc's funders are still giving 3 years after their first grant; 50% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
94% of Beacon of Hope Services Inc's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $373k arriving through sponsors registered in 8 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Beacon of Hope Services Inc runs a healthier operating margin than three-quarters of the 11,263 human services nonprofits its size.
this organization peer median middle 50% of peers· 11,263 human services nonprofits $1M–$10M, FY2024
Organizations like Beacon of Hope Services Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
92% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for Beacon of Hope Services Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Beacon of Hope Services Inc?
- Beacon of Hope Services Inc (North Carolina) receives grants from 18 organizations whose IRS filings report $1,150,733 to it, the largest being IMPACT HEALTH ($329,402). 9 of them have funded it in more than one year.
- How many funders does Beacon of Hope Services Inc have?
- IRS filings report 18 organizations giving $1,150,733 in grants to Beacon of Hope Services Inc, 9 of which have funded it in more than one year.
- Who is the largest funder of Beacon of Hope Services Inc?
- IMPACT HEALTH is the largest funder on record, with $329,402 in grants. The full list of funders is on this page.
- How can an organization like Beacon of Hope Services Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Beacon of Hope Services →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 18 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing