Prospect Ridge Academy

Analysis

Prospect Ridge Academy is a registered charity in United States, based in Broomfield, CO. It received its IRS tax-exemption ruling in August 2011, 15 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 2024, Prospect Ridge Academy reported income of $20.7m and spending of $22.1m, spending 107% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $19.6m to $20.7m (+5.4%), an average of +1.1% a year. The sharpest change came in the year to June 2020, when income dropped by 19%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prospect Ridge Academy sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Georgia School Boards Association Workers Compensation Fund ($20.6m), The Council for Professional Recognition ($20.7m) and Riverton Street Charter School ($20.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 10% and program service revenue 88% of the total. Other salaries and wages came to $10.4m. At year end it held assets of $16.8m against liabilities of $29.0m, net assets of -$12.2m. It reported 270 employees.