Utah Development Academy
EIN: 455238431 · Salt Lake Cty, UT · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $270K |
| Total Expenses | $308K |
| Net Assets | $24K |
Is Utah Development Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Utah Development Academy
Utah Development Academy (EIN: 455238431) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code O50. The organization reported total revenue of $270K and total assets of $83K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Utah Development Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Utah Development Academy is a small nonprofit that has been operating for 14 years, with 7 years of IRS 990 filings on record (2016–2022). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $270K |
| Total Expenses | $308K |
| Surplus / Deficit | $-38,155 |
| Total Assets | $83K |
| Total Liabilities | $59K |
| Net Assets | $24K |
| Operating Margin | -14.2% |
| Debt-to-Asset Ratio | 70.7% |
| Months of Reserves | 3.3 months |
Financial Health Grade: C
In 2022, Utah Development Academy reported a deficit of $38K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 70.7% (high leverage).
Financial Trends
Over 7 years of filings (2016–2022), Utah Development Academy's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -9.6% | +34.1% | -44.3% |
| 2021 | -5.1% | -31.3% | +85.2% |
| 2020 | +3.5% | +10.5% | +7.5% |
| 2019 | -16.4% | -8.1% | -48.8% |
| 2018 | +11.6% | +15.7% | +27.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Utah Development Academy has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Utah Development Academy with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $38K, with expenses exceeding revenue.
- Debt-to-asset ratio: 70.7%.
Frequently Asked Questions about Utah Development Academy
Is Utah Development Academy a legitimate charity?
Utah Development Academy (EIN: 455238431) is a registered tax-exempt nonprofit based in Utah. It has 7 years of IRS 990 filings on record. Total revenue: $270K. No red flags identified. Financial health grade: C.
How does Utah Development Academy spend its money?
Utah Development Academy reported $270K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Utah Development Academy tax-deductible?
Utah Development Academy is registered as a tax-exempt nonprofit (EIN: 455238431). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Utah Development Academy located?
Utah Development Academy is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 455238431. It is classified under NTEE code O50.
How many years of IRS 990 filings does Utah Development Academy have?
Utah Development Academy has 7 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 $270K in total revenue.
Filing History
IRS 990 filing history for Utah Development Academy showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2016–2022), Utah Development Academy's revenue has grown by 49.4%, moving from $180K to $270K. Total assets decreased by 20.4% over the same period, from $105K to $83K. Total functional expenses rose by 79.1%, from $172K to $308K. In its most recent filing year (2022), Utah Development Academy reported a deficit of $38K, with expenses exceeding revenue. The organization holds $59K in liabilities against $83K in assets (debt-to-asset ratio: 70.7%), resulting in net assets of $24K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $270K | $308K | $83K | $59K | — | View 990 |
| 2021 | $298K | $230K | $150K | $87K | — | — |
| 2020 | $314K | $334K | $81K | $87K | — | View 990 |
| 2019 | $303K | $302K | $75K | $61K | — | View 990 |
| 2018 | $363K | $329K | $147K | $83K | — | View 990 |
| 2017 | $325K | $284K | $115K | $77K | — | View 990 |
| 2016 | $180K | $172K | $105K | $98K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $270K, expenses of $308K, and assets of $83K (revenue -9.6% year-over-year).
- 2021: Revenue of $298K, expenses of $230K, and assets of $150K (revenue -5.1% year-over-year).
- 2020: Revenue of $314K, expenses of $334K, and assets of $81K (revenue +3.5% year-over-year).
- 2019: Revenue of $303K, expenses of $302K, and assets of $75K (revenue -16.4% year-over-year).
- 2018: Revenue of $363K, expenses of $329K, and assets of $147K (revenue +11.6% year-over-year).
- 2017: Revenue of $325K, expenses of $284K, and assets of $115K (revenue +80.3% year-over-year).
- 2016: Revenue of $180K, expenses of $172K, and assets of $105K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Utah Development Academy:
Data Sources and Methodology
This transparency report for Utah Development 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.