Aspen Prep Academy

Analysis

Aspen Prep Academy is a registered charity in United States, based in Greenwood VLG, CO. It received its IRS tax-exemption ruling in October 2004, 22 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 2024, Aspen Prep Academy reported income of $12.4m and spending of $10.2m, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $8.2m to $12.4m (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aspen Prep Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Reformation Bible College Inc ($12.4m), Capital Prep Harbor School Inc ($12.4m) and Bronx Community Charter School ($12.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $922k (9.1% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $9.2m against liabilities of $7.7m, net assets of $1.5m. It reported 104 employees.