Glendale Prepatory Academy
Glendale Preparatory Academy shows consistent revenue growth and significant asset expansion, with no direct officer compensation reported.
EIN: 208760987 · Phoenix, AZ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.9M |
| Total Expenses | $7.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7.6M |
| Net Assets | $3.7M |
| Transparency Score | 80/100 |
Is Glendale Prepatory Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glendale Prepatory Academy directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Glendale Prepatory Academy
Glendale Prepatory Academy (EIN: 208760987) is a nonprofit organization based in Phoenix, AZ. The organization reported total revenue of $7.9M and total assets of $12.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glendale Prepatory Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glendale Prepatory Academy is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.7M |
| Total Expenses | $7.5M |
| Surplus / Deficit | +$160K |
| Total Assets | $12.2M |
| Total Liabilities | $8.5M |
| Net Assets | $3.7M |
| Operating Margin | 2.1% |
| Debt-to-Asset Ratio | 69.7% |
| Months of Reserves | 19.5 months |
Financial Health Grade: A
In 2023, Glendale Prepatory Academy reported a surplus of $160K with revenue exceeding expenses, holds 19.5 months of operating reserves (strong position), has a debt-to-asset ratio of 69.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Glendale Prepatory Academy's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.4% | +16.9% | +217.7% |
| 2022 | +6.3% | +8.6% | +2.4% |
| 2021 | +13.6% | +7.1% | +23.4% |
| 2020 | +4.9% | +9.4% | +1.9% |
| 2019 | +7.8% | +3.4% | +23.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
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 Glendale Prepatory Academy with a Mission Score of 80 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Glendale Prepatory Academy allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $160K, with revenue exceeding expenses.
- Debt-to-asset ratio: 69.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of this size ($7.6M+ revenue). This suggests executive compensation may be paid through a related management entity or that leadership roles are entirely volunteer-based, requiring further clarification for full 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 Glendale Prepatory Academy's IRS 990 filings:
- Unexplained significant increase in liabilities from $419,627 to $8,484,492 in one year (2022-2023).
- Consistent 0% officer compensation reported despite substantial revenue, potentially obscuring executive pay via related entities.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided summary data, hindering precise efficiency assessment.
Strengths
The following positive indicators were identified for Glendale Prepatory Academy:
- Consistent revenue growth from $3.3M in 2014 to $7.6M in 2023, indicating strong operational health.
- Consistent operational surpluses (except 2014), demonstrating effective financial management.
- Significant asset growth from $924,556 in 2014 to $12,164,406 in 2023, suggesting long-term investment or expansion.
- Long history of IRS 990 filings (13 filings), indicating compliance with reporting requirements.
Frequently Asked Questions about Glendale Prepatory Academy
Is Glendale Prepatory Academy a legitimate charity?
Glendale Prepatory Academy (EIN: 208760987) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.9M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Glendale Prepatory Academy spend its money?
Glendale Prepatory Academy directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Glendale Prepatory Academy tax-deductible?
Glendale Prepatory Academy is registered as a tax-exempt nonprofit (EIN: 208760987). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Glendale Prepatory Academy CEO make?
Glendale Prepatory Academy's highest-compensated officer earns $7.6M annually. The organization reported $7.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Glendale Prepatory Academy's spending goes to programs?
Glendale Prepatory Academy directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Glendale Prepatory Academy located?
Glendale Prepatory Academy is headquartered in Phoenix, Arizona and files with the IRS under EIN 208760987.
How many years of IRS 990 filings does Glendale Prepatory Academy have?
Glendale Prepatory Academy has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.9M in total revenue.
What is the nature of the significant increase in assets and liabilities between 2022 and 2023?
The organization's assets jumped from $3,828,707 in 2022 to $12,164,406 in 2023, while liabilities increased from $419,627 to $8,484,492 in the same period. This suggests a major capital event, possibly involving debt-financed property acquisition or significant construction, which would need to be detailed in the full 990 filing.
How are executive leaders compensated if 0% officer compensation is reported?
The consistent reporting of 0% officer compensation across all filings for an organization with over $7 million in annual revenue is uncommon. This could indicate that executive compensation is paid by a related management organization, or that key leadership positions are filled by volunteers, which would be a significant positive for efficiency.
What is the organization's NTEE code and specific program activities?
The NTEE code is unknown from the provided data. Understanding the specific NTEE code and detailed program activities would provide better context for evaluating the organization's mission alignment and impact.
Filing History
IRS 990 filing history for Glendale Prepatory Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Glendale Prepatory Academy's revenue has grown by 207.7%, moving from $2.5M to $7.7M. Total assets increased by 718.8% over the same period, from $1.5M to $12.2M. Total functional expenses rose by 231.6%, from $2.3M to $7.5M. In its most recent filing year (2023), Glendale Prepatory Academy reported a surplus of $160K, with revenue exceeding expenses. The organization holds $8.5M in liabilities against $12.2M in assets (debt-to-asset ratio: 69.7%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.7M | $7.5M | $12.2M | $8.5M | — | View 990 |
| 2022 | $6.8M | $6.4M | $3.8M | $420K | — | View 990 |
| 2021 | $6.4M | $5.9M | $3.7M | $473K | — | — |
| 2020 | $5.6M | $5.5M | $3.0M | $383K | — | View 990 |
| 2019 | $5.4M | $5.0M | $3.0M | $516K | — | View 990 |
| 2018 | $5.0M | $4.9M | $2.4M | $368K | — | View 990 |
| 2017 | $4.9M | $4.6M | $2.2M | $301K | — | View 990 |
| 2016 | $4.5M | $4.1M | $1.9M | $355K | — | View 990 |
| 2015 | $4.0M | $3.5M | $1.5M | $380K | — | View 990 |
| 2014 | $3.4M | $3.5M | $925K | $276K | — | View 990 |
| 2013 | $2.7M | $2.7M | $1.0M | $262K | — | View 990 |
| 2012 | $2.7M | $2.7M | $1.1M | $448K | — | View 990 |
| 2011 | $2.5M | $2.3M | $1.5M | $797K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.7M, expenses of $7.5M, and assets of $12.2M (revenue +12.4% year-over-year).
- 2022: Revenue of $6.8M, expenses of $6.4M, and assets of $3.8M (revenue +6.3% year-over-year).
- 2021: Revenue of $6.4M, expenses of $5.9M, and assets of $3.7M (revenue +13.6% year-over-year).
- 2020: Revenue of $5.6M, expenses of $5.5M, and assets of $3.0M (revenue +4.9% year-over-year).
- 2019: Revenue of $5.4M, expenses of $5.0M, and assets of $3.0M (revenue +7.8% year-over-year).
- 2018: Revenue of $5.0M, expenses of $4.9M, and assets of $2.4M (revenue +2.0% year-over-year).
- 2017: Revenue of $4.9M, expenses of $4.6M, and assets of $2.2M (revenue +8.4% year-over-year).
- 2016: Revenue of $4.5M, expenses of $4.1M, and assets of $1.9M (revenue +12.3% year-over-year).
- 2015: Revenue of $4.0M, expenses of $3.5M, and assets of $1.5M (revenue +18.4% year-over-year).
- 2014: Revenue of $3.4M, expenses of $3.5M, and assets of $925K (revenue +23.6% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.7M, and assets of $1.0M (revenue +3.4% year-over-year).
- 2012: Revenue of $2.7M, expenses of $2.7M, and assets of $1.1M (revenue +6.7% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.3M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glendale Prepatory Academy:
Data Sources and Methodology
This transparency report for Glendale Prepatory 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.