University Prepartory Charter

Analysis

University Prepartory Charter is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in April 2011, 15 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 2024, University Prepartory Charter reported income of $11.0m and spending of $10.0m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.7m to $11.0m (+64%), an average of +13% a year. The sharpest change came in the year to June 2024, when income rose by 42%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University Prepartory Charter sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Desert Heights Charter Schools ($11.0m), Vance Charter School Inc ($11.0m) and Providence Christian College ($11.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $519k (5.2% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $10.0m against liabilities of $1.3m, net assets of $8.7m. It reported 129 employees.