AI Transparency Report
University Preparatory Academy demonstrates consistent financial growth and appears to manage its resources effectively. Over the past decade, the organization has seen its revenue grow from $4,049,554 in 2014 to $10,587,963 in 2023, indicating strong support and operational expansion. The academy consistently operates with a surplus, as evidenced by its revenues generally exceeding expenses, contributing to a healthy increase in assets from $1,209,111 to $9,546,370 over the same period. This financial stability suggests a well-managed organization capable of sustaining its educational programs.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available, providing a clear historical financial record. A notable aspect of its financial management is the reported 0% officer compensation across all available filings. This indicates that the highest-ranking individuals are not receiving salaries directly from the organization, which can be a strong positive indicator for donor confidence and mission focus, though it's important to understand if compensation is provided through other means or if leadership is entirely volunteer-based. The significant increase in liabilities in 2023 to $4,620,005, up from $551,410 in 2022, warrants further investigation to understand its nature and impact on long-term financial health, as it represents a substantial portion of its assets.