Maryvale Preparatory Academy

Analysis

Maryvale Preparatory Academy is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 2014, 12 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, Maryvale Preparatory Academy reported income of $13.8m and spending of $12.8m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $13.8m (+143%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 33%. 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, Maryvale Preparatory Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within AZ. Charities of a similar size with the same main cause include Faith Academy of Mobile Inc ($13.8m), Suny Impact Foundation Inc ($13.9m) and Oak Farm School Inc ($13.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $212k (1.7% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $22.8m against liabilities of $21.1m, net assets of $1.7m.