Alturas Preparatory Academy Inc

Analysis

Alturas Preparatory Academy Inc is a registered charity in United States, based in Idaho Falls, ID. It received its IRS tax-exemption ruling in May 2021, 5 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, Alturas Preparatory Academy Inc reported income of $4.8m and spending of $5.0m, spending 103% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $5.0m to $4.8m (-2.7%), an average of -1.4% a year. The sharpest change came in the year to June 2024, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alturas Preparatory Academy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within ID. Charities of a similar size with the same main cause include Odyssey Online Learning ($4.8m), Colorado Springs Charter Academy ($4.8m) and Ada Developers Academy ($4.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $111k (2.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $5.0m against liabilities of $3.9m, net assets of $1.1m. It reported 57 employees.