Ogden Preparatory Academy Inc

Analysis

Ogden Preparatory Academy Inc is a registered charity in United States, based in Ogden, UT. It received its IRS tax-exemption ruling in November 2004, 22 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, Ogden Preparatory Academy Inc reported income of $12.4m and spending of $12.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.1m to $12.4m (+36%), an average of +8.1% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ogden Preparatory Academy Inc 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 96th percentile, and in the 96th percentile within UT. Charities of a similar size with the same main cause include Child Care Resource Center of Cuyahoga County ($12.4m), Utah Military Academy ($12.4m) and Uaspire Inc ($12.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $142k (1.2% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $28.6m against liabilities of $23.0m, net assets of $5.7m. It reported 227 employees.