Utah Military Academy

Analysis

Utah Military Academy is a registered charity in United States, based in Ogden, UT. It received its IRS tax-exemption ruling in June 2015, 11 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, Utah Military Academy reported income of $12.4m and spending of $13.1m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $12.4m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Utah Military Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within UT. Charities of a similar size with the same main cause include Ogden Preparatory Academy Inc ($12.4m), Cornerstone Classical Academy ($12.4m) and Child Care Resource Center of Cuyahoga County ($12.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $122k (0.9% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $23.9m against liabilities of $24.2m, net assets of -$257k. It reported 239 employees.