Beacon Charter School Corp

Analysis

Beacon Charter School Corp is a registered charity in United States, based in Woonsocket, RI. It received its IRS tax-exemption ruling in October 2003, 23 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 Charter School Corp reported income of $6.9m and spending of $6.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $6.9m (+29%), an average of +6.6% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beacon Charter School Corp 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 91st percentile within RI. Charities of a similar size with the same main cause include Institute for in Vitro Sciences Inc ($6.9m), New Saint Andrews College Inc ($6.9m) and Congress Heights Community Training and Development Corporation ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $184k (2.7% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $4.8m against liabilities of $2.2m, net assets of $2.5m. It reported 111 employees.