University Academy

Analysis

University Academy is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in June 2000, 26 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, University Academy reported income of $17.5m and spending of $17.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.8m to $17.5m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University Academy sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within MO. Charities of a similar size with the same main cause include Covenant Knights School ($17.5m), Teaching Lab ($17.5m) and Brite Divinity School ($17.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $662k (3.8% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $4.5m against liabilities of $0, net assets of $4.5m. It reported 202 employees.