Beacon College Prep Inc

Analysis

Beacon College Prep Inc is a registered charity in United States, based in Opa Locka, FL. It received its IRS tax-exemption ruling in July 2014, 12 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 College Prep Inc reported income of $6.9m and spending of $7.9m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $6.9m (+8.2%), an average of +2.0% a year. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beacon College Prep Inc 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 94th percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Wisconsin Independent Christian Schools Inc ($6.9m), Oaks Education Association ($6.9m) and Adam J Lewis Academy Inc ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $141k (1.8% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $11.0m against liabilities of $11.9m, net assets of -$877k. It reported 55 employees.