Canyon Rim Academy

Analysis

Canyon Rim Academy is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in January 2008, 18 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, Canyon Rim Academy reported income of $5.3m and spending of $3.9m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $5.3m (+36%), an average of +8.0% a year. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Canyon Rim Academy sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within UT. Charities of a similar size with the same main cause include Florida Education Fund Inc ($5.3m), Community School for Creative Education ($5.3m) and Imagine Elementary at Camelback Inc ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $239k (6.1% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $9.0m against liabilities of $668k, net assets of $8.3m. It reported 91 employees.