Asu Prep Global Academy

Analysis

Asu Prep Global Academy is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Asu Prep Global Academy reported income of $24.1m and spending of $16.1m, leaving 33% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $1.1m to $24.1m (+2156%), an average of +183% a year. The sharpest change came in the year to June 2022, when income rose by 1440%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asu Prep Global Academy sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include College Preparatory School ($24.1m), University of No Ala Foundation ($24.2m) and Cascade Christian Schools ($24.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Other salaries and wages came to $5.3m. At year end it held assets of $31.4m against liabilities of $18.6m, net assets of $12.8m. It reported 60 employees.