Beacon College Inc

Analysis

Beacon College Inc is a registered charity in United States, based in Leesburg, FL. It received its IRS tax-exemption ruling in December 1989, 37 years ago. 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 Inc reported income of $35.9m and spending of $32.5m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.9m to $35.9m (+64%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beacon College Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Texas Organ Sharing Alliance ($35.9m), Children and Adult Disability and Educational Services ($35.9m) and New Charlotte Corporation ($35.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $1.1m (3.5% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $36.9m against liabilities of $21.6m, net assets of $15.3m. It reported 323 employees.