Vanguard Academy

Analysis

Vanguard Academy is a registered charity in United States, based in W Valley City, UT. It received its IRS tax-exemption ruling in January 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, Vanguard Academy reported income of $6.7m and spending of $6.7m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.8m to $6.7m (+39%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vanguard Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within UT. Charities of a similar size with the same main cause include Brevard Innovative Charter Schools Inc ($6.7m), Oregon Social Learning Center Inc ($6.7m) and Giddens School ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $74k (1.1% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $4.8m against liabilities of $3.9m, net assets of $895k. It reported 212 employees.