22beacon Inc
7880 Milestone Pkwy Ste 425, Hanover, MD · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $14,571,903 | $12,643,402 | $91,504,802 |
| FY2023 | $24,998,406 | $8,869,150 | $89,576,301 |
| FY2022 | $12,551,339 | $7,899,598 | $74,752,329 |
| FY2021 | $25,530,553 | $8,856,727 | $70,100,588 |
| FY2020 | $8,454,000 | $7,619,221 | $53,426,762 |
| FY2019 | $20,297,119 | $8,084,876 | $52,591,983 |
| FY2018 | $11,420,751 | $6,811,079 | $44,509,991 |
| FY2017 | $6,620,828 | $6,482,828 | $39,900,319 |
| FY2016 | $11,580,001 | $6,305,495 | $39,797,462 |
| FY2015 | $8,267,394 | $6,089,606 | $34,510,686 |
| FY2014 | $1,997,422 | $1,461,053 | $32,987,859 |
| FY2013 | $1,997,422 | $1,461,053 | $32,987,859 |
| FY2012 | $8,096,744 | $7,652,814 | $32,310,580 |
| FY2011 | $6,160,652 | $6,626,490 | $31,866,650 |
Form 990 filings
The returns filed by 22beacon Inc (EIN 52-2063496), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $5,644,940 | 39% |
| Program service revenue | $6,295,963 | 43% |
| Other revenue | $2,631,000 | 18% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $9,119,925 | 72% |
| Management & general | $3,523,477 | 28% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 43% of total revenue in FY2024.
- Program services accounted for 72% of functional expenses, management & general 28%, and fundraising 0%.
- 72% of functional expenses went to program services in FY2024. That is higher than 14% of 93 Education organizations in MD.
- Net assets covered about 86.8 months of expenses at the end of the reporting year. That puts it in the 86th percentile among 1052 Education organizations in MD.
- Total revenue was higher than 93.1% of 1078 Education organizations in MD.
- Total revenue rose from $6,160,652 in FY2011 to $14,571,903 in FY2024. Revenue increased in 7 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2011).
- The highest revenue on record here is $25,530,553 in FY2021.
- Net assets grew from $31,866,650 to $91,504,802 between FY2011 and FY2024.
- Contributions and grants made up 0% of revenue in FY2011 and 39% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
FINANCING AND BUILDING GREAT PUBLIC CHARTER SCHOOLS.
IRS status
| Ruling year | 1998 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B99 — Education (in MD) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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