Pinnacle Canyon Academy

Analysis

Pinnacle Canyon Academy is a registered charity in United States, based in Price, UT. It received its IRS tax-exemption ruling in December 2001, 25 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, Pinnacle Canyon Academy reported income of $6.1m and spending of $6.3m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $6.1m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pinnacle Canyon Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within UT. Charities of a similar size with the same main cause include Lsu Real Estate and Facilities Foundation ($6.1m), American Baptist Theological Seminary ($6.1m) and Silicon Slopes ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $5.1m against liabilities of $3.8m, net assets of $1.3m. It reported 170 employees.