University Preparatory Academy
University Preparatory Academy shows consistent revenue growth and zero reported officer compensation, with a recent significant increase in liabilities.
EIN: 203008879 · San Jose, CA · NTEE: B29 · Updated: 2026-03-28
Is University Preparatory Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
University Preparatory Academy directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About University Preparatory Academy
University Preparatory Academy (EIN: 203008879) is a nonprofit organization based in San Jose, CA, classified under NTEE code B29. The organization reported total revenue of $10.9M and total assets of $8.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of University Preparatory Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates University Preparatory Academy with a Mission Score of 85 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, University Preparatory 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.
Executive Compensation Analysis
University Preparatory Academy consistently reports 0% officer compensation across all available IRS 990 filings, which is highly unusual for an organization of its size with over $10 million in annual revenue. This suggests either a fully volunteer-led executive team or that executive compensation is structured in a way not reported as 'officer compensation' on the 990, which would require further clarification 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 University Preparatory Academy's IRS 990 filings:
- Significant increase in liabilities in 2023 ($4,620,005 from $551,410 in 2022) without clear explanation in summary data.
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and revenue, potentially indicating alternative compensation structures or a fully volunteer executive team that requires further clarification.
Strengths
The following positive indicators were identified for University Preparatory Academy:
- Consistent revenue growth over the past decade, indicating strong support and expanding operations.
- Healthy operational surpluses, with revenues consistently exceeding expenses.
- Strong asset growth, increasing from $1.2 million in 2014 to $9.5 million in 2023.
- Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
- Reported 0% officer compensation, suggesting a high degree of mission focus or volunteer leadership.
Frequently Asked Questions about University Preparatory Academy
Is University Preparatory Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, University Preparatory Academy (EIN: 203008879) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does University Preparatory Academy spend its money?
University Preparatory Academy directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to University Preparatory Academy tax-deductible?
University Preparatory Academy is registered as a tax-exempt nonprofit (EIN: 203008879). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is University Preparatory Academy a good charity?
Based on the available data, University Preparatory Academy appears to be a well-managed organization with strong financial growth and a consistent operational surplus. The 0% officer compensation reported is a significant positive indicator of mission focus. However, the substantial increase in liabilities in 2023 from $551,410 to $4,620,005 warrants further investigation to fully assess its financial health and long-term sustainability.
What caused the significant increase in liabilities in 2023?
The IRS 990 data shows a sharp rise in liabilities from $551,410 in 2022 to $4,620,005 in 2023. Without access to the full Form 990, Part X (Balance Sheet) and Schedule D (Supplemental Financial Statements), it's impossible to pinpoint the exact cause. This could be due to new debt, deferred revenue, or other obligations, and understanding its nature is crucial for a complete financial picture.
How does University Preparatory Academy sustain operations without officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership either serves on a purely volunteer basis, or their compensation is structured and reported under different categories (e.g., as independent contractors, or through a related entity) not captured in the 'officer compensation' line item on the 990. This practice, while potentially indicating high dedication, requires deeper scrutiny for full transparency.
Filing History
IRS 990 filing history for University Preparatory Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), University Preparatory Academy's revenue has grown by 271.2%, moving from $2.9M to $10.6M. Total assets increased by 1059.9% over the same period, from $823K to $9.5M. Total functional expenses rose by 311%, from $2.6M to $10.5M. In its most recent filing year (2023), University Preparatory Academy reported a surplus of $65K, with revenue exceeding expenses. The organization holds $4.6M in liabilities against $9.5M in assets (debt-to-asset ratio: 48.4%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $10.6M | $10.5M | $9.5M | $4.6M | — | — |
| 2022 | $9.3M | $9.1M | $5.4M | $551K | — | View 990 |
| 2021 | $8.9M | $8.1M | $5.2M | $461K | — | — |
| 2020 | $7.5M | $7.3M | $5.0M | $1.1M | — | View 990 |
| 2019 | $7.3M | $6.7M | $3.9M | $224K | — | View 990 |
| 2018 | $6.6M | $6.2M | $3.3M | $237K | — | View 990 |
| 2017 | $6.2M | $5.4M | $2.9M | $239K | — | View 990 |
| 2016 | $5.8M | $5.1M | $2.0M | $104K | — | View 990 |
| 2015 | $4.4M | $4.3M | $1.3M | $119K | — | View 990 |
| 2014 | $4.0M | $4.0M | $1.2M | $200K | — | View 990 |
| 2013 | $3.6M | $3.5M | $1.4M | $430K | — | View 990 |
| 2012 | $3.3M | $2.9M | $1.2M | $325K | — | View 990 |
| 2011 | $2.9M | $2.6M | $823K | $376K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.6M, expenses of $10.5M, and assets of $9.5M (revenue +14.2% year-over-year).
- 2022: Revenue of $9.3M, expenses of $9.1M, and assets of $5.4M (revenue +4.6% year-over-year).
- 2021: Revenue of $8.9M, expenses of $8.1M, and assets of $5.2M (revenue +17.7% year-over-year).
- 2020: Revenue of $7.5M, expenses of $7.3M, and assets of $5.0M (revenue +3.0% year-over-year).
- 2019: Revenue of $7.3M, expenses of $6.7M, and assets of $3.9M (revenue +11.5% year-over-year).
- 2018: Revenue of $6.6M, expenses of $6.2M, and assets of $3.3M (revenue +6.4% year-over-year).
- 2017: Revenue of $6.2M, expenses of $5.4M, and assets of $2.9M (revenue +5.4% year-over-year).
- 2016: Revenue of $5.8M, expenses of $5.1M, and assets of $2.0M (revenue +33.2% year-over-year).
- 2015: Revenue of $4.4M, expenses of $4.3M, and assets of $1.3M (revenue +8.3% year-over-year).
- 2014: Revenue of $4.0M, expenses of $4.0M, and assets of $1.2M (revenue +12.4% year-over-year).
- 2013: Revenue of $3.6M, expenses of $3.5M, and assets of $1.4M (revenue +8.5% year-over-year).
- 2012: Revenue of $3.3M, expenses of $2.9M, and assets of $1.2M (revenue +16.4% year-over-year).
- 2011: Revenue of $2.9M, expenses of $2.6M, and assets of $823K.
Data Sources and Methodology
This transparency report for University 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.