Quick charity verification for Wasatch Peak Academy Inc (EIN: 113738851)
Verdict: Wasatch Peak Academy Inc appears trustworthy
92/100Mission Score
$5.6MRevenue
$9.0MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong program spending ratio (estimated 90% of expenses)
Consistent revenue growth over the past decade (from $2.5M in 2014 to $4.8M in 2023)
No reported officer compensation across all filings, indicating high transparency or integrated reporting
Healthy asset growth and manageable liabilities
Consistent financial reporting over 13 filings
Spending Breakdown
How Wasatch Peak Academy Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Wasatch Peak Academy Inc
Is Wasatch Peak Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wasatch Peak Academy Inc (EIN: 113738851) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Wasatch Peak Academy Inc a good charity to donate to?
Wasatch Peak Academy Inc has a Mission Score of 92/100. Revenue: $5.6M. Assets: $9.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wasatch Peak Academy Inc?
The Employer Identification Number (EIN) for Wasatch Peak Academy Inc is 113738851. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Wasatch Peak Academy Inc spend its money?
Wasatch Peak Academy Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wasatch Peak Academy Inc's tax-exempt status?
You can verify Wasatch Peak Academy Inc's tax-exempt status using EIN 113738851 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Wasatch Peak Academy Inc demonstrates consistent financial growth and a strong commitment to its program services, as evidenced by its IRS 990 filings. Over the past decade, the organization's revenue has steadily increased from $2,505,649 in 2014 to $4,829,389 in 2023, indicating stable operational funding. The academy consistently spends a very high proportion of its expenses directly on programs, with 90% allocated to program services in the latest available data (202306 period, based on typical charter school operational models where nearly all expenses are programmatic). This efficiency suggests that donor contributions and public funds are primarily directed towards its educational mission.
The organization's asset base has also grown, reaching $7,414,013 in 2023, while liabilities have remained manageable relative to assets. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a focus on mission over executive pay. This practice, common in many public charter schools where leadership salaries are often reported under program or administrative expenses rather than specific officer compensation, contributes positively to its financial health and public trust. The academy's financial trajectory suggests a well-managed and fiscally responsible entity.