Be Unique Academy Prep Inc

Analysis

Be Unique Academy Prep Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2018, 8 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 December 2023, Be Unique Academy Prep Inc reported income of $580k and spending of $634k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $375k to $580k (+55%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Be Unique Academy Prep Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Foundations Christian Academy ($580k), Friends of Collegiate Academies Inc ($580k) and American Foundation for Pharmaceutical Education ($580k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $217k (34% of expenses). Other salaries and wages came to $173k. At year end it held assets of $214k against liabilities of $5,596, net assets of $208k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.