Urban Preparatory Academy

Analysis

Urban Preparatory Academy is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in November 2022, 4 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 December 2023, Urban Preparatory Academy reported income of $1.7m and spending of $1.1m, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.4m to $1.7m (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Urban Preparatory Academy sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within KS. Charities of a similar size with the same main cause include Tennessee Christian Academy Inc ($1.7m), Libraries Without Borders ($1.7m) and Augustine Literacy Project-Charlotte ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 17% of the total. Other salaries and wages came to $541k. At year end it held assets of $1.1m against liabilities of $28k, net assets of $1.1m. It reported 25 employees.