Anthem Preparatory School

Analysis

Anthem Preparatory School is a registered charity in United States, based in South Jordan, UT. It received its IRS tax-exemption ruling in September 2006, 20 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 August 2022, Anthem Preparatory School reported income of $1.7m and spending of $1.7m, spending 105% of its income. Across the 3 years on record, from August 2020 to August 2022, income fell from $1.7m to $1.7m (-4.6%), an average of -2.3% a year. The sharpest change came in the year to August 2022, when income dropped by 18%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Anthem Preparatory School sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within UT. Charities of a similar size with the same main cause include Independent Electrical Contractors Inc ($1.7m), Arcadia Christian School ($1.7m) and Greenbush Child Caring Inc ($1.7m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 22% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $202k (12% of expenses). Other salaries and wages came to $671k. At year end it held assets of $5.0m against liabilities of $6.2m, net assets of -$1.2m. It reported 45 employees.