Rochester Beacon Academy

Analysis

Rochester Beacon Academy is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in September 2013, 13 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, Rochester Beacon Academy reported income of $2.4m and spending of $2.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.0m to $2.4m (-21%), an average of -5.9% a year. The sharpest change came in the year to June 2020, when income dropped by 16%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rochester Beacon Academy sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Hope Academy of Charlotte ($2.4m), Heritage Academy of NC Inc ($2.4m) and CMCH Elementary Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $397k (18% of expenses). Other salaries and wages came to $977k. At year end it held assets of $1.7m against liabilities of $2.8m, net assets of -$1.1m. It reported 44 employees.