Genesis Preparatory Academy

Analysis

Genesis Preparatory Academy is a registered charity in United States, based in Post Falls, ID. It received its IRS tax-exemption ruling in September 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, Genesis Preparatory Academy reported income of $5.0m and spending of $3.2m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $5.0m (+243%), an average of +36% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Genesis Preparatory Academy 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 95th percentile within ID. Charities of a similar size with the same main cause include Abc NJ Apprenticeship Education and Training Fund ($5.0m), Holy Trinity Classical Christian School Inc ($5.0m) and Shining Star Christian Schools Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 57% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $3.6m against liabilities of $265k, net assets of $3.4m. It reported 80 employees.