Atlas Preparatory School Inc

Analysis

Atlas Preparatory School Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in April 2009, 17 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 2024, Atlas Preparatory School Inc reported income of $24.3m and spending of $18.6m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $13.6m to $24.3m (+78%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Atlas Preparatory School Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Foundation for Indiana University of Pennsylvania ($24.3m), California Institute of Advanced Management ($24.3m) and Florida State University Research Foundation Inc ($24.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 37% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $507k (2.7% of expenses). Other salaries and wages came to $8.7m. At year end it held assets of $43.5m against liabilities of $21.2m, net assets of $22.3m. It reported 227 employees.