Owasso Preparatory Academy Incorporated

Analysis

Owasso Preparatory Academy Incorporated is a registered charity in United States, based in Owasso, OK. It received its IRS tax-exemption ruling in September 2017, 9 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, Owasso Preparatory Academy Incorporated reported income of $1.3m and spending of $1.4m, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $429k to $1.3m (+213%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Owasso Preparatory Academy Incorporated sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within OK. Charities of a similar size with the same main cause include Cottonwood Gulch Expeditions ($1.3m), Odessa Christian School Inc ($1.3m) and To Nizhoni Ani ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 85% of the total. Other salaries and wages came to $932k. At year end it held assets of $1.3m against liabilities of $897k, net assets of $374k. It reported 78 employees.