Union Pointe Academy Corp

Analysis

Union Pointe Academy Corp is a registered charity in United States, based in Florence, KY. It received its IRS tax-exemption ruling in December 2014, 12 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, Union Pointe Academy Corp reported income of $550k and spending of $578k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $487k to $550k (+13%), an average of +3.1% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Union Pointe Academy Corp sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within KY. Charities of a similar size with the same main cause include Cradle to Grave Ministries Unlimited ($550k), Minnesota Association of Community Mental Health Programs Inc ($551k) and Carbondale Clay Center ($550k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 97% of the total. Other salaries and wages came to $427k. At year end it held assets of $72k against liabilities of $0, net assets of $72k. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.