Berean Education Center

Analysis

Berean Education Center is a registered charity in United States, based in Burnsville, MN. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Berean Education Center reported income of $391k and spending of $303k, leaving 23% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $342k to $391k (+15%), an average of +3.4% a year. The sharpest change came in the year to August 2021, when income rose by 21%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Berean Education Center sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Champaign County Farm Bureau Foundation ($391k), Illinois Masonic Childrens Home ($391k) and Pastoral Counseling for Denver Inc ($391k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.0% and program service revenue 94% of the total. Other salaries and wages came to $209k. At year end it held assets of $333k against liabilities of $14k, net assets of $319k. It reported 15 employees.