Friends of Beacon

Analysis

Friends of Beacon is a registered charity in United States, based in Crystal, MN. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Beacon reported income of $1.2m and spending of $1.3m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.2m (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Beacon sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Razi School ($1.2m), Riverpointe Christian Academy ($1.2m) and Dakota Rural Action ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $13.8m against liabilities of $15.6m, net assets of -$1.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.