Anthem Preparatory Academy

Analysis

Anthem Preparatory Academy is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 2012, 14 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, Anthem Preparatory Academy reported income of $11.9m and spending of $11.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.1m to $11.9m (+67%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Anthem Preparatory Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within AZ. Charities of a similar size with the same main cause include Woodinville Montessori School ($11.9m), Tmsa Incorporated ($11.9m) and Open Sky Education Inc ($11.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $244k (2.1% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $28.9m against liabilities of $25.1m, net assets of $3.9m.