Karl G Maeser Preparatory Academy

Analysis

Karl G Maeser Preparatory Academy is a registered charity in United States, based in Ogden, UT. It received its IRS tax-exemption ruling in November 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, Karl G Maeser Preparatory Academy reported income of $6.6m and spending of $5.5m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $6.6m (+21%), an average of +5.0% a year. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Karl G Maeser Preparatory Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within UT. Charities of a similar size with the same main cause include Helen Miller-Seiu Member Education and Training Center ($6.6m), Chatham Charter School ($6.6m) and Coastal Christian School ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 6.0% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $15.5m against liabilities of $11.5m, net assets of $4.0m. It reported 85 employees.