University Preparatory Academy Palm Beach Inc

Analysis

University Preparatory Academy Palm Beach Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in May 2019, 7 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, University Preparatory Academy Palm Beach Inc reported income of $3.5m and spending of $4.0m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.5m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University Preparatory Academy Palm Beach Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Imagine Columbus Primary Academy ($3.5m), Nextflex Learning Programs ($3.5m) and Fulfillment Fund Las Vegas ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $5.2m against liabilities of $5.4m, net assets of -$192k. It reported 48 employees.