Wasatch Peak Academy Inc

Analysis

Wasatch Peak Academy Inc is a registered charity in United States, based in N Salt Lake, UT. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Wasatch Peak Academy Inc reported income of $4.8m and spending of $3.9m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $4.8m (+50%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wasatch Peak Academy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within UT. Charities of a similar size with the same main cause include Denton Calvary Academy ($4.8m), Ho Okako O Corporation ($4.8m) and Delta Delta Delta Foundation ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.4% of the total. At year end it held assets of $7.4m against liabilities of $4.6m, net assets of $2.8m.