Tempe Preparatory Academy

Analysis

Tempe Preparatory Academy is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in September 1996, 30 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, Tempe Preparatory Academy reported income of $6.3m and spending of $5.4m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $6.3m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tempe Preparatory Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within AZ. Charities of a similar size with the same main cause include San Diego Global Vision Academy ($6.3m), Shiv Nadar Foundation ($6.3m) and University of North Georgia Real Estate Foundation Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $131k (2.4% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $13.9m against liabilities of $6.6m, net assets of $7.2m. It reported 60 employees.