Maui Preparatory Academy

Analysis

Maui Preparatory Academy is a registered charity in United States, based in Lahaina, HI. It received its IRS tax-exemption ruling in July 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, Maui Preparatory Academy reported income of $8.2m and spending of $7.8m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $8.2m (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maui Preparatory Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within HI. Charities of a similar size with the same main cause include Avance Schools Inc ($8.2m), Brooklyn Urban Garden Charter School ($8.2m) and New Schools for Alabama ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $188k (2.4% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $8.9m against liabilities of $1.3m, net assets of $7.7m. It reported 62 employees.