Atlas Preparatory Academy

Analysis

Atlas Preparatory Academy is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in August 2002, 24 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, Atlas Preparatory Academy reported income of $4.5m and spending of $4.7m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.3m to $4.5m (-28%), an average of -7.8% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Atlas Preparatory Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include Hickory Christian Academy ($4.5m), Delta Tau Delta Educational Foundation Inc ($4.5m) and Contra Costa Jewish Day School ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $155k (3.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.8m against liabilities of $2.0m, net assets of $3.8m. It reported 56 employees.