Beacon Institute Inc

Analysis

Beacon Institute Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in May 1997, 29 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 December 2023, Beacon Institute Inc reported income of $1.2m and spending of $1.1m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+14%), an average of +3.2% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beacon Institute Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Covenant School ($1.2m), Communities in Schools of Wake County ($1.2m) and Centre for Comprehensive Motivational Interventions Society ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $144k (13% of expenses). Other salaries and wages came to $420k. At year end it held assets of $1.2m against liabilities of $247k, net assets of $994k. It reported 6 employees.