University Preparatory Schools

Analysis

University Preparatory Schools is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University Preparatory Schools reported income of $7.5m and spending of $2.3m, leaving 70% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $7.5m (+546%), an average of +59% a year. The sharpest change came in the year to June 2023, when income rose by 497%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University Preparatory Schools sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Hamaspik School ($7.5m), Westside Foundation ($7.5m) and Hartnell College Foundation ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 12% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $5.6m against liabilities of $416k, net assets of $5.2m. It reported 29 employees.