A Beka Academy Inc

Analysis

A Beka Academy Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, A Beka Academy Inc reported income of $116.1m and spending of $118.7m, spending 102% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $82.5m to $116.1m (+41%), an average of +8.9% a year. The sharpest change came in the year to May 2021, when income rose by 62%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, A Beka Academy Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Lawrence University of Wisconsin ($115.8m), Marywood University ($116.2m) and Mountain Area Health Education Center Inc ($115.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $8.7m. At year end it held assets of $59.6m against liabilities of $107.4m, net assets of -$47.8m. It reported 216 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.