Sheridan Allprep Academy

Analysis

Sheridan Allprep Academy is a registered charity in United States, based in Sheridan, OR. It received its IRS tax-exemption ruling in January 2012, 14 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 2021, Sheridan Allprep Academy reported income of $1.8m and spending of $1.8m, spending 102% of its income. Across the 3 years on record, from June 2019 to June 2021, income grew from $1.1m to $1.8m (+54%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sheridan Allprep Academy sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within OR. Charities of a similar size with the same main cause include Cosanti Foundation ($1.8m), Center for Early Childhood Education ($1.8m) and Metropolitan Ballet Theatre Inc ($1.8m).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $780k. At year end it held assets of $2.6m against liabilities of $1.4m, net assets of $1.2m. It reported 25 employees.

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.