Beacon Academy

Analysis

Beacon Academy is a registered charity in United States, based in Crystal, MN. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Beacon Academy reported income of $8.4m and spending of $9.0m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $8.4m (+7.2%), an average of +1.8% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beacon Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Southern California Flex Academy ($8.4m), Washington County Free Library ($8.4m) and Humphreys College ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $566k (6.3% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $4.3m against liabilities of $7.3m, net assets of -$3.0m. It reported 138 employees.