University Preparatory Academy

Analysis

University Preparatory Academy is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 1976, 50 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, University Preparatory Academy reported income of $31.3m and spending of $25.8m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.6m to $31.3m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University Preparatory Academy sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Northern Arizona University FDN Inc ($31.3m), MC Preparatory School of Wisconsin Inc ($31.3m) and Kentucky Wesleyan College ($31.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1.5m (5.7% of expenses). Other salaries and wages came to $11.3m. At year end it held assets of $144.2m against liabilities of $65.8m, net assets of $78.4m. It reported 302 employees.