Union Academy Private Prekindergarten

Analysis

Union Academy Private Prekindergarten is a registered charity in United States, based in Monroe, NC. It received its IRS tax-exemption ruling in August 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 2023, Union Academy Private Prekindergarten reported income of $565k and spending of $464k, spending 82% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $405k to $565k (+39%), an average of +39% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Union Academy Private Prekindergarten sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Student Publications Inc ($565k), Wings Homeschool Group ($565k) and Legacy Christian School ($565k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $354k. At year end it held assets of $95k against liabilities of $48k, net assets of $48k.