Beacon Academy of Nevada

Analysis

Beacon Academy of Nevada is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in July 2021, 5 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 of Nevada reported income of $6.6m and spending of $6.9m, spending 105% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $4.4m to $6.6m (+49%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beacon Academy of Nevada sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within NV. Charities of a similar size with the same main cause include RSF Social Investment Fund Inc ($6.6m), Rural Utah Child Development ($6.6m) and Teacher Prep Inspection-Us Inc ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $374k (5.4% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $13.2m against liabilities of $10.7m, net assets of $2.5m. It reported 66 employees.