Arches Academy Inc

Analysis

Arches Academy Inc is a registered charity in United States, based in Orem, UT. It received its IRS tax-exemption ruling in March 2018, 8 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 July 2024, Arches Academy Inc reported income of $1.3m and spending of $1.4m, spending 110% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income grew from $1.1m to $1.3m (+16%), an average of +3.1% a year. The sharpest change came in the year to July 2022, when income rose by 89%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arches Academy Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within UT. Charities of a similar size with the same main cause include School Choice Wisconsin Inc ($1.3m), NJ Rising Stars Inc ($1.3m) and Public Library of New London ($1.3m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 7.1% and program service revenue 90% of the total. Other salaries and wages came to $743k. At year end it held assets of $1.5m against liabilities of $886k, net assets of $571k. It reported 33 employees.