Beacon Academy Charter School

Analysis

Beacon Academy Charter School is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Beacon Academy Charter School reported income of $4.2m and spending of $3.8m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $4.2m (+112%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beacon Academy Charter School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Al-Arqam Islamic School ($4.2m), Onward a Legacy Foundation ($4.2m) and Howard Garder Community Charter School ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $2,875 (0.1% of expenses). Other salaries and wages came to $430k. At year end it held assets of $3.5m against liabilities of $3.3m, net assets of $202k.