Aurum Preparatory Academy Inc

Analysis

Aurum Preparatory Academy Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in July 2016, 10 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, Aurum Preparatory Academy Inc reported income of $3.3m and spending of $3.4m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $3.3m (+67%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aurum Preparatory Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include York Avenue Preschool and Kindergarten ($3.3m), St Andrews Episcopal School of Fort Pierce Inc ($3.3m) and Connect Community Charter School ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $208k (6.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.5m against liabilities of $998k, net assets of $1.6m. It reported 40 employees.