Beacon Academy

Beacon Academy faces significant financial liabilities despite consistent revenue growth.

EIN: 200158631 · Crystal, MN · NTEE: B24 · Updated: 2026-03-28

$9.0MRevenue

$4.1MAssets

65/100Mission Score (Good)

B24

About Beacon Academy

Beacon Academy (EIN: 200158631) is a nonprofit organization based in Crystal, MN, classified under NTEE code B24. The organization reported total revenue of $9.0M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Beacon Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Beacon Academy demonstrates a consistent operational pattern, with revenues and expenses generally in close proximity over the past decade. While the organization has experienced growth in revenue from $4.45 million in 2014 to $8.41 million in 2023, it has also frequently operated with expenses exceeding revenue, as seen in 2023 ($8,969,384 expenses vs. $8,410,956 revenue) and 2022 ($9,105,055 expenses vs. $9,230,402 revenue). A significant concern is the organization's high and growing liabilities, reaching $7,294,983 in 2023 against assets of $4,317,807, indicating a negative net asset position. This suggests potential long-term financial instability if not addressed.

The consistent reporting of 0% officer compensation across all filings is a positive indicator of transparency regarding executive pay, suggesting that top leadership may be compensated through other means or that the organization has a volunteer-led executive structure. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The substantial liabilities relative to assets warrant closer scrutiny to understand their nature and the organization's plan for managing them.

Overall, Beacon Academy appears to be a growing organization in terms of scale, but its financial health is challenged by persistent operating deficits and a substantial negative net asset position. While executive compensation transparency is good, a deeper dive into expense allocation is needed to fully evaluate efficiency. The high liabilities are a significant red flag that could impact its long-term sustainability and ability to fulfill its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Beacon Academy with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 75%
fundraising: 10%

According to IRS 990 filings, Beacon Academy allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization of this size with over $8 million in annual revenue, suggesting either a fully volunteer executive team or compensation being reported under other expense categories.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Beacon Academy's IRS 990 filings:

Significant and growing liabilities ($7,294,983 in 2023) consistently exceeding assets ($4,317,807 in 2023), indicating a negative net asset position.
Frequent operating deficits where expenses exceed revenue (e.g., $8,969,384 expenses vs. $8,410,956 revenue in 2023).
Unusually consistent 0% officer compensation for an organization with over $8 million in annual revenue, which may obscure actual leadership costs if compensation is reported elsewhere.

Strengths

The following positive indicators were identified for Beacon Academy:

Consistent revenue growth over the past decade, from $4.45 million in 2014 to $8.41 million in 2023, indicating increasing scale and reach.
Long filing history (13 filings), suggesting a commitment to IRS compliance and transparency in reporting.
NTEE code B24 (Elementary & Secondary Education) indicates a clear program focus on education.

Frequently Asked Questions about Beacon Academy

How does Beacon Academy manage its significant and growing liabilities, which reached $7,294,983 in 2023?

The filings show a consistent trend of liabilities exceeding assets, indicating a negative net asset position. Understanding the nature of these liabilities (e.g., long-term debt, deferred revenue) and the organization's strategy for managing them is crucial for assessing financial stability.

What is the detailed breakdown of Beacon Academy's expenses into program, administrative, and fundraising categories?

Without this detailed breakdown, it's difficult to fully assess the organization's spending efficiency and how much of its budget directly supports its mission. The provided data only gives total expenses.

Given the 0% officer compensation, how are the organization's top executives compensated, or is it entirely volunteer-led?

The consistent 0% officer compensation is unusual for an organization of this scale. Clarification on executive compensation structure is needed to ensure transparency and understand leadership costs.

What is the reason for the frequent operating deficits, where expenses exceed revenue, as seen in 2023 and 2021?

Operating with deficits can erode financial reserves and contribute to growing liabilities. Understanding the causes (e.g., strategic investments, unexpected costs, revenue shortfalls) is important for evaluating financial management.

Filing History

IRS 990 filing history for Beacon Academy showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Beacon Academy's revenue has grown by 95.4%, moving from $4.3M to $8.4M. Total assets increased by 181.9% over the same period, from $1.5M to $4.3M. Total functional expenses rose by 123.2%, from $4.0M to $9.0M. In its most recent filing year (2023), Beacon Academy reported a deficit of $558K, with expenses exceeding revenue. The organization holds $7.3M in liabilities against $4.3M in assets (debt-to-asset ratio: 169.0%), resulting in net assets of $-2,977,176.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$8.4M	$9.0M	$4.3M	$7.3M	—	View 990
2022	$9.2M	$9.1M	$5.5M	$8.6M	—	View 990
2021	$8.8M	$8.9M	$5.8M	$9.1M	—	—
2020	$8.9M	$8.5M	$5.2M	$7.9M	—	View 990
2019	$7.8M	$7.6M	$6.0M	$8.5M	—	View 990
2018	$7.0M	$7.4M	$5.7M	$9.3M	—	View 990
2017	$5.0M	$5.4M	$7.0M	$9.2M	—	View 990
2016	$4.8M	$4.9M	$2.5M	$3.3M	—	View 990
2015	$4.7M	$4.6M	$2.3M	$3.0M	—	View 990
2014	$4.5M	$4.3M	$1.8M	$304K	—	View 990
2013	$4.4M	$4.4M	$1.7M	$321K	—	View 990
2012	$4.1M	$4.0M	$1.7M	$309K	—	View 990
2011	$4.3M	$4.0M	$1.5M	$259K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $8.4M, expenses of $9.0M, and assets of $4.3M (revenue -8.9% year-over-year).
2022: Revenue of $9.2M, expenses of $9.1M, and assets of $5.5M (revenue +5.4% year-over-year).
2021: Revenue of $8.8M, expenses of $8.9M, and assets of $5.8M (revenue -1.4% year-over-year).
2020: Revenue of $8.9M, expenses of $8.5M, and assets of $5.2M (revenue +13.2% year-over-year).
2019: Revenue of $7.8M, expenses of $7.6M, and assets of $6.0M (revenue +11.9% year-over-year).
2018: Revenue of $7.0M, expenses of $7.4M, and assets of $5.7M (revenue +39.8% year-over-year).
2017: Revenue of $5.0M, expenses of $5.4M, and assets of $7.0M (revenue +3.5% year-over-year).
2016: Revenue of $4.8M, expenses of $4.9M, and assets of $2.5M (revenue +2.0% year-over-year).
2015: Revenue of $4.7M, expenses of $4.6M, and assets of $2.3M (revenue +6.6% year-over-year).
2014: Revenue of $4.5M, expenses of $4.3M, and assets of $1.8M (revenue +1.0% year-over-year).
2013: Revenue of $4.4M, expenses of $4.4M, and assets of $1.7M (revenue +7.4% year-over-year).
2012: Revenue of $4.1M, expenses of $4.0M, and assets of $1.7M (revenue -4.7% year-over-year).
2011: Revenue of $4.3M, expenses of $4.0M, and assets of $1.5M.

Data Sources and Methodology

This transparency report for Beacon Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.