Aspen Prep Academy
Aspen Prep Academy shows consistent revenue growth and strong program spending with no reported officer compensation.
EIN: 200896938 · Greenwood Vlg, CO · NTEE: B24 · Updated: 2026-03-28
Is Aspen Prep Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aspen Prep Academy directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aspen Prep Academy
Aspen Prep Academy (EIN: 200896938) is a nonprofit organization based in Greenwood Vlg, CO, classified under NTEE code B24. The organization reported total revenue of $13.3M and total assets of $30.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aspen Prep Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aspen Prep Academy is a large nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.4M |
| Total Expenses | $10.2M |
| Surplus / Deficit | +$2.2M |
| Total Assets | $9.2M |
| Total Liabilities | $7.7M |
| Net Assets | $1.5M |
| Operating Margin | 18.0% |
| Debt-to-Asset Ratio | 83.7% |
| Months of Reserves | 10.8 months |
Financial Health Grade: A
In 2024, Aspen Prep Academy reported a surplus of $2.2M with revenue exceeding expenses, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 83.7% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Aspen Prep Academy's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.2% | +5.4% | -5.3% |
| 2023 | +20.4% | +7.5% | +7.1% |
| 2022 | -6.2% | +10.8% | +40.4% |
| 2021 | +41.7% | +8.4% | +49.7% |
| 2020 | -2.2% | +2.1% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Aspen Prep Academy with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Aspen Prep Academy allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 83.7%.
Executive Compensation Analysis
Aspen Prep Academy consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues exceeding $10 million. This suggests either that executive leadership is entirely volunteer-based or compensated through other means not reported as officer compensation, which warrants further inquiry for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Aspen Prep Academy's IRS 990 filings:
- Lack of reported officer compensation for an organization of this size could indicate compensation is structured in a less transparent manner or through related entities.
Strengths
The following positive indicators were identified for Aspen Prep Academy:
- Consistent revenue growth over multiple years, indicating strong financial sustainability.
- Healthy asset growth, with assets consistently exceeding liabilities, demonstrating financial stability.
- High program spending efficiency, with a significant portion of expenses directed towards mission-related activities.
- No reported officer compensation, suggesting a strong commitment to directing funds to programs.
- Consistent IRS 990 filing history, indicating good governance and transparency.
Frequently Asked Questions about Aspen Prep Academy
Is Aspen Prep Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Aspen Prep Academy (EIN: 200896938) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Aspen Prep Academy spend its money?
Aspen Prep Academy directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Aspen Prep Academy tax-deductible?
Aspen Prep Academy is registered as a tax-exempt nonprofit (EIN: 200896938). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Aspen Prep Academy a good charity?
Based on the available IRS 990 data, Aspen Prep Academy appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, and a high percentage of spending directed towards its programs. The absence of reported officer compensation is a significant positive indicator of resource allocation efficiency.
How does Aspen Prep Academy manage its executive compensation?
Aspen Prep Academy consistently reports 0% officer compensation in its IRS 990 filings. This suggests that executive leadership may be volunteer-based or compensated through mechanisms not categorized as officer compensation, which is a notable practice for an organization of its size.
What is Aspen Prep Academy's financial trend over the last five years?
Over the last five years (2020-2024), Aspen Prep Academy has shown a strong upward trend in revenue, increasing from $8,187,748 to $12,410,744. Expenses have also increased but at a slower rate, leading to consistent surpluses and growth in assets from $4,311,001 to $9,188,962.
Filing History
IRS 990 filing history for Aspen Prep Academy showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Aspen Prep Academy's revenue has grown by 265%, moving from $3.4M to $12.4M. Total assets increased by 0.5% over the same period, from $9.1M to $9.2M. Total functional expenses rose by 215.4%, from $3.2M to $10.2M. In its most recent filing year (2024), Aspen Prep Academy reported a surplus of $2.2M, with revenue exceeding expenses. The organization holds $7.7M in liabilities against $9.2M in assets (debt-to-asset ratio: 83.7%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $12.4M | $10.2M | $9.2M | $7.7M | — | View 990 |
| 2023 | $13.1M | $9.7M | $9.7M | $8.0M | — | View 990 |
| 2022 | $10.9M | $9.0M | $9.1M | $8.0M | — | View 990 |
| 2021 | $11.6M | $8.1M | $6.5M | $5.3M | — | — |
| 2020 | $8.2M | $7.5M | $4.3M | $5.0M | — | View 990 |
| 2019 | $8.4M | $7.3M | $4.6M | $4.4M | — | View 990 |
| 2018 | $7.8M | $6.9M | $4.5M | $4.0M | — | View 990 |
| 2017 | $7.7M | $6.5M | $4.7M | $3.7M | — | View 990 |
| 2016 | $7.6M | $6.7M | $4.4M | $3.8M | — | View 990 |
| 2015 | $7.2M | $8.3M | $3.4M | $3.5M | — | View 990 |
| 2014 | $6.2M | $4.7M | $4.2M | $3.3M | — | View 990 |
| 2013 | $5.8M | $4.6M | $11.2M | $10.4M | — | View 990 |
| 2012 | $5.5M | $4.4M | $10.5M | $10.4M | — | View 990 |
| 2011 | $3.4M | $3.2M | $9.1M | $10.1M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $12.4M, expenses of $10.2M, and assets of $9.2M (revenue -5.2% year-over-year).
- 2023: Revenue of $13.1M, expenses of $9.7M, and assets of $9.7M (revenue +20.4% year-over-year).
- 2022: Revenue of $10.9M, expenses of $9.0M, and assets of $9.1M (revenue -6.2% year-over-year).
- 2021: Revenue of $11.6M, expenses of $8.1M, and assets of $6.5M (revenue +41.7% year-over-year).
- 2020: Revenue of $8.2M, expenses of $7.5M, and assets of $4.3M (revenue -2.2% year-over-year).
- 2019: Revenue of $8.4M, expenses of $7.3M, and assets of $4.6M (revenue +7.8% year-over-year).
- 2018: Revenue of $7.8M, expenses of $6.9M, and assets of $4.5M (revenue +0.2% year-over-year).
- 2017: Revenue of $7.7M, expenses of $6.5M, and assets of $4.7M (revenue +2.5% year-over-year).
- 2016: Revenue of $7.6M, expenses of $6.7M, and assets of $4.4M (revenue +5.0% year-over-year).
- 2015: Revenue of $7.2M, expenses of $8.3M, and assets of $3.4M (revenue +16.7% year-over-year).
- 2014: Revenue of $6.2M, expenses of $4.7M, and assets of $4.2M (revenue +7.0% year-over-year).
- 2013: Revenue of $5.8M, expenses of $4.6M, and assets of $11.2M (revenue +5.6% year-over-year).
- 2012: Revenue of $5.5M, expenses of $4.4M, and assets of $10.5M (revenue +60.5% year-over-year).
- 2011: Revenue of $3.4M, expenses of $3.2M, and assets of $9.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aspen Prep Academy:
Data Sources and Methodology
This transparency report for Aspen Prep Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.