Academy for Creating Enterprise

Analysis

Academy for Creating Enterprise is a registered charity in United States, based in Lehi, UT. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Academy for Creating Enterprise reported income of $1.3m and spending of $2.3m, spending 173% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.3m (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 83% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Academy for Creating Enterprise sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within UT. Charities of a similar size with the same main cause include American Schools Assn of Central America Colobian-Caribbean & ($1.3m), Northwest Student Exchange ($1.3m) and For World Wide Smiles ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $131k (5.6% of expenses). Other salaries and wages came to $461k. At year end it held assets of $3.8m against liabilities of $64k, net assets of $3.7m. It reported 10 employees.