Glendale Prepatory Academy

Analysis

Glendale Prepatory Academy is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 2009, 17 years ago. 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, Glendale Prepatory Academy reported income of $7.7m and spending of $7.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $7.7m (+42%), an average of +9.2% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glendale Prepatory 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 94th percentile, and in the 93rd percentile within AZ. Charities of a similar size with the same main cause include Italian Center of Stamford Inc ($7.7m), Harrington Cancer and Health Foundation ($7.7m) and Arizona Childrens Risk Solutions ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $232k (3.1% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $12.2m against liabilities of $8.5m, net assets of $3.7m.