University Preparatory Academy

Analysis

University Preparatory Academy is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 2007, 19 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, University Preparatory Academy reported income of $10.6m and spending of $10.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $10.6m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University Preparatory 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 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Communities in Schools of Charlotte Mecklenburg Inc ($10.6m), The Bertschi School ($10.6m) and Fredericksburg Academy ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $184k (1.7% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $9.5m against liabilities of $4.6m, net assets of $4.9m. It reported 85 employees.