Asu Preparatory Academy

Analysis

Asu Preparatory Academy is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in July 2008, 18 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, Asu Preparatory Academy reported income of $76.7m and spending of $78.2m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $45.1m to $76.7m (+70%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asu Preparatory Academy sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AZ. Charities of a similar size with the same main cause include Caldwell University Inc ($76.6m), Brunswick School Inc ($77.0m) and Methodist University Inc ($76.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $723k (0.9% of expenses). Other salaries and wages came to $39.9m. At year end it held assets of $54.3m against liabilities of $23.2m, net assets of $31.1m. It reported 1,036 employees.