Karl G Maeser Preparatory Academy
Karl G Maeser Preparatory Academy shows consistent revenue growth and high program spending with no reported officer compensation.
EIN: 203373940 · Ogden, UT · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.6M |
| Total Expenses | $5.5M |
| Program Spending | 89% |
| CEO/Top Officer Pay | $7.6 |
| Net Assets | $4.0M |
| Transparency Score | 92/100 |
Is Karl G Maeser Preparatory Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Karl G Maeser Preparatory Academy directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Karl G Maeser Preparatory Academy
Karl G Maeser Preparatory Academy (EIN: 203373940) is a nonprofit organization based in Ogden, UT, classified under NTEE code B29. The organization reported total revenue of $7.6M and total assets of $16.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Karl G Maeser Preparatory Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Karl G Maeser Preparatory Academy is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.6M |
| Total Expenses | $5.5M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $15.5M |
| Total Liabilities | $11.5M |
| Net Assets | $4.0M |
| Operating Margin | 16.4% |
| Debt-to-Asset Ratio | 74.0% |
| Months of Reserves | 33.7 months |
Financial Health Grade: A
In 2023, Karl G Maeser Preparatory Academy reported a surplus of $1.1M with revenue exceeding expenses, holds 33.7 months of operating reserves (strong position), has a debt-to-asset ratio of 74.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Karl G Maeser Preparatory Academy's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.8% | +4.4% | +5.7% |
| 2022 | +1.4% | +7.1% | +3.2% |
| 2021 | +10.9% | -0.5% | -3.4% |
| 2020 | +1.2% | +8.0% | +5.1% |
| 2019 | +3.0% | -4.9% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Karl G Maeser Preparatory 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: 10%
- programs: 89%
- fundraising: 1%
According to IRS 990 filings, Karl G Maeser Preparatory Academy allocates its expenses as follows: admin: 10%, programs: 89%, fundraising: 1%. With 89% 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 $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 74.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with over $7.6 million in annual revenue and suggests either a volunteer leadership model or compensation is covered by a related entity, which would warrant further investigation 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 Karl G Maeser Preparatory Academy's IRS 990 filings:
- Consistent 0% officer compensation may indicate compensation is paid by a related entity, potentially obscuring the true cost of leadership.
Strengths
The following positive indicators were identified for Karl G Maeser Preparatory Academy:
- Strong program spending ratio (89% in 2023) indicates efficient use of funds for its mission.
- Consistent revenue growth from $4.3M in 2014 to $7.6M currently, showing financial sustainability.
- Positive and growing net assets, improving financial stability over time.
- No reported officer compensation, suggesting a volunteer-led executive team or alternative compensation structure.
- Steady asset growth from $11.5M in 2014 to $16.2M currently.
Frequently Asked Questions about Karl G Maeser Preparatory Academy
Is Karl G Maeser Preparatory Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Karl G Maeser Preparatory Academy (EIN: 203373940) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Karl G Maeser Preparatory Academy spend its money?
Karl G Maeser Preparatory Academy directs 89% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Karl G Maeser Preparatory Academy tax-deductible?
Karl G Maeser Preparatory Academy is registered as a tax-exempt nonprofit (EIN: 203373940). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Karl G Maeser Preparatory Academy CEO make?
Karl G Maeser Preparatory Academy's highest-compensated officer earns $7.6 annually. The organization reported $7.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Karl G Maeser Preparatory Academy's spending goes to programs?
Karl G Maeser Preparatory Academy directs 89% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Karl G Maeser Preparatory Academy compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Karl G Maeser Preparatory Academy is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Karl G Maeser Preparatory Academy located?
Karl G Maeser Preparatory Academy is headquartered in Ogden, Utah and files with the IRS under EIN 203373940. It is classified under NTEE code B29.
How many years of IRS 990 filings does Karl G Maeser Preparatory Academy have?
Karl G Maeser Preparatory Academy has 12 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 $7.6M in total revenue.
Is Karl G Maeser Preparatory Academy a good charity?
Based on its financial data, Karl G Maeser Preparatory Academy appears to be a good charity. It consistently allocates a high percentage of its expenses to program services (89% in 2023), demonstrates steady revenue and asset growth, and reports no officer compensation, all of which are positive indicators of efficiency and mission focus.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved. Revenue has grown from $4.3 million in 2014 to $7.6 million currently, and assets have increased from $11.5 million to $16.2 million. Notably, net assets have shifted from a negative position in earlier years to a positive $4,032,435 in 2023, indicating enhanced financial stability.
What is the organization's spending efficiency?
Karl G Maeser Preparatory Academy demonstrates high spending efficiency, with 89% of its total expenses in 2023 dedicated to program services. This indicates that the vast majority of its funds are directly supporting its educational mission, rather than administrative or fundraising overhead.
Filing History
IRS 990 filing history for Karl G Maeser Preparatory Academy showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Karl G Maeser Preparatory Academy's revenue has grown by 63%, moving from $4.1M to $6.6M. Total assets increased by 38.1% over the same period, from $11.2M to $15.5M. Total functional expenses rose by 50.1%, from $3.7M to $5.5M. In its most recent filing year (2023), Karl G Maeser Preparatory Academy reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $11.5M in liabilities against $15.5M in assets (debt-to-asset ratio: 74.0%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.6M | $5.5M | $15.5M | $11.5M | — | View 990 |
| 2022 | $6.2M | $5.3M | $14.7M | $11.7M | — | View 990 |
| 2021 | $6.1M | $5.0M | $14.2M | $12.2M | — | View 990 |
| 2020 | $5.5M | $5.0M | $14.7M | $13.0M | — | View 990 |
| 2019 | $5.4M | $4.6M | $14.0M | $12.8M | — | View 990 |
| 2018 | $5.3M | $4.8M | $13.6M | $13.2M | — | View 990 |
| 2017 | $5.0M | $4.5M | $13.4M | $13.4M | — | View 990 |
| 2016 | $4.7M | $4.0M | $12.9M | $13.5M | — | View 990 |
| 2015 | $4.4M | $4.1M | $11.7M | $10.2M | — | View 990 |
| 2014 | $4.3M | $4.3M | $11.6M | $10.4M | — | View 990 |
| 2013 | $4.2M | $4.0M | $11.5M | $10.3M | — | View 990 |
| 2012 | $4.1M | $3.7M | $11.2M | $10.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.6M, expenses of $5.5M, and assets of $15.5M (revenue +6.8% year-over-year).
- 2022: Revenue of $6.2M, expenses of $5.3M, and assets of $14.7M (revenue +1.4% year-over-year).
- 2021: Revenue of $6.1M, expenses of $5.0M, and assets of $14.2M (revenue +10.9% year-over-year).
- 2020: Revenue of $5.5M, expenses of $5.0M, and assets of $14.7M (revenue +1.2% year-over-year).
- 2019: Revenue of $5.4M, expenses of $4.6M, and assets of $14.0M (revenue +3.0% year-over-year).
- 2018: Revenue of $5.3M, expenses of $4.8M, and assets of $13.6M (revenue +6.1% year-over-year).
- 2017: Revenue of $5.0M, expenses of $4.5M, and assets of $13.4M (revenue +5.0% year-over-year).
- 2016: Revenue of $4.7M, expenses of $4.0M, and assets of $12.9M (revenue +8.2% year-over-year).
- 2015: Revenue of $4.4M, expenses of $4.1M, and assets of $11.7M (revenue +0.9% year-over-year).
- 2014: Revenue of $4.3M, expenses of $4.3M, and assets of $11.6M (revenue +3.7% year-over-year).
- 2013: Revenue of $4.2M, expenses of $4.0M, and assets of $11.5M (revenue +3.2% year-over-year).
- 2012: Revenue of $4.1M, expenses of $3.7M, and assets of $11.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Karl G Maeser Preparatory Academy:
Data Sources and Methodology
This transparency report for Karl G Maeser Preparatory 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.