Quest Academy Inc

Analysis

Quest Academy Inc 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, Quest Academy Inc reported income of $10.9m and spending of $9.4m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.0m to $10.9m (+37%), an average of +8.1% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quest Academy Inc 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 UT. Charities of a similar size with the same main cause include Epiphany School Inc ($10.9m), Southeast Missouri University ($10.9m) and Katz Yeshiva High School of South Florida Inc ($10.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.9% of the total. At year end it held assets of $20.4m against liabilities of $13.2m, net assets of $7.2m.