Grand Rapids University Preparatory Academy Association

Analysis

Grand Rapids University Preparatory Academy Association is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Grand Rapids University Preparatory Academy Association reported income of $275k and spending of $521k, spending 190% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $254k to $275k (+8.3%), an average of +2.7% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 201% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grand Rapids University Preparatory Academy Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Pueblo Serra Inc ($275k), Baron Real Estate Foundation Inc ($275k) and Klein Oak Band Association Inc ($275k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7.2m against liabilities of $56k, net assets of $7.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.