Elizabeth Academy

Analysis

Elizabeth Academy is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in April 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 December 2022, Elizabeth Academy reported income of $7.3m and spending of $7.4m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $7.5m to $7.3m (-2.8%), an average of -0.9% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elizabeth Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within UT. Charities of a similar size with the same main cause include Cooper Lanning Square Renaissance School Facilities Inc ($7.3m), White Earth Tribal and Community College ($7.3m) and Fayette Academy ($7.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 29% and program service revenue 71% of the total. Other salaries and wages came to $4.1m. It paid $2,000 in professional fundraising fees. At year end it held assets of $22.9m against liabilities of $104k, net assets of $22.8m. It reported 149 employees.