Utah Connections Academy a Utah Non-Profit Corporation

Analysis

Utah Connections Academy a Utah Non-Profit Corporation is a registered charity in United States, based in Cottonwd HTS, UT. It received its IRS tax-exemption ruling in June 2013, 13 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 2023, Utah Connections Academy a Utah Non-Profit Corporation reported income of $10.7m and spending of $10.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $10.7m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Utah Connections Academy a Utah Non-Profit Corporation 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 95th percentile, and in the 96th percentile within UT. Charities of a similar size with the same main cause include Northland Christian School ($10.7m), Scottsdale Preparatory Academy ($10.7m) and Api Fund for Payroll Education Inc ($10.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Other salaries and wages came to $3.7m. At year end it held assets of $9.0m against liabilities of $2.3m, net assets of $6.7m.