Academy College Prep

Analysis

Academy College Prep is a registered charity in United States, based in Atherton, CA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Academy College Prep reported income of $209k and spending of $207k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $153k to $209k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy College Prep sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include American Preparatory Education Foundation ($209k), Ascend Micro School ($209k) and Bridges Project for Education ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $129k (62% of expenses). Other salaries and wages came to $1,527. At year end it held assets of $12k against liabilities of $0, net assets of $12k.