American Preparatory Education Foundation

Analysis

American Preparatory Education Foundation is a registered charity in United States, based in Draper, UT. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Preparatory Education Foundation reported income of $209k and spending of $224k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $816k to $209k (-74%), an average of -29% a year. The sharpest change came in the year to December 2021, when income rose by 234%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Preparatory Education Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within UT. Charities of a similar size with the same main cause include Bridges Project for Education ($209k), Academy College Prep ($209k) and Plumbing Heating Cooling Contractors Education Foundation ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 36% of the total. Other salaries and wages came to $69k. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m. It reported 2 employees.