Utah Charter Academies

Analysis

Utah Charter Academies is a registered charity in United States, based in Draper, UT. It received its IRS tax-exemption ruling in September 2003, 23 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 Charter Academies reported income of $56.4m and spending of $52.7m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $41.2m to $56.4m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Utah Charter Academies sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within UT. Charities of a similar size with the same main cause include Confluence Academy ($56.4m), Pennsylvania Virtual Charter School ($56.4m) and Crescent View South Inc ($56.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.9% of the total. Other salaries and wages came to $26.7m. At year end it held assets of $93.6m against liabilities of $85.1m, net assets of $8.5m. It reported 985 employees.