Beacon Academy

Analysis

Beacon Academy is a registered charity in United States, based in Ooltewah, TN. It received its IRS tax-exemption ruling in May 2016, 10 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 reported income of $648k and spending of $517k, leaving 20% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income grew from $500k to $648k (+30%), an average of +5.3% a year. The sharpest change came in the year to June 2020, when income rose by 53%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beacon Academy sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within TN. Charities of a similar size with the same main cause include Fbi National Academy Assoc Ny State & Eastern Canada ($648k), Chattahoochee Christian School Inc ($648k) and Tango Flight Inc ($648k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $95k (18% of expenses). Other salaries and wages came to $199k. At year end it held assets of $1.9m against liabilities of $840k, net assets of $1.1m. It reported 18 employees.