Grand Peak Academy

Analysis

Grand Peak Academy is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Grand Peak Academy reported income of $8.2m and spending of $7.4m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.7m to $8.2m (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2024, when income rose by 17%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grand Peak 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 95th percentile within CO. Charities of a similar size with the same main cause include Dallas College Foundation Inc ($8.2m), Olivet Nazarene University Foundation ($8.2m) and UCLA Investment Company ($8.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $6.9m against liabilities of $6.8m, net assets of $126k. It reported 66 employees.