Beacon Network Schools Innovation Zone

Analysis

Beacon Network Schools Innovation Zone is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Beacon Network Schools Innovation Zone reported income of $688k and spending of $846k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $356k to $688k (+93%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 223%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beacon Network Schools Innovation Zone sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CO. Charities of a similar size with the same main cause include Bridge Alliance Education Fund ($688k), Geneva Academy Inc ($688k) and The Blessed Child ($688k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. At year end it held assets of $587k against liabilities of $264k, net assets of $324k.