Wasatch Peak Academy Inc
Wasatch Peak Academy Inc consistently directs nearly all expenses to programs with no reported officer compensation.
EIN: 113738851 · N Salt Lake, UT · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $3.9M |
| Program Spending | 90% |
| Net Assets | $2.8M |
| Transparency Score | 92/100 |
Is Wasatch Peak Academy Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wasatch Peak Academy Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wasatch Peak Academy Inc
Wasatch Peak Academy Inc (EIN: 113738851) is a nonprofit organization based in N Salt Lake, UT, classified under NTEE code B29. The organization reported total revenue of $5.6M and total assets of $9.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wasatch Peak Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wasatch Peak Academy Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $3.9M |
| Surplus / Deficit | +$901K |
| Total Assets | $7.4M |
| Total Liabilities | $4.6M |
| Net Assets | $2.8M |
| Operating Margin | 18.6% |
| Debt-to-Asset Ratio | 62.1% |
| Months of Reserves | 22.6 months |
Financial Health Grade: A
In 2023, Wasatch Peak Academy Inc reported a surplus of $901K with revenue exceeding expenses, holds 22.6 months of operating reserves (strong position), has a debt-to-asset ratio of 62.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wasatch Peak Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.9% | +4.3% | +13.1% |
| 2022 | +10.4% | +13.9% | +3.1% |
| 2021 | +12.0% | +9.7% | +7.6% |
| 2020 | +4.6% | -1.6% | +5.3% |
| 2019 | +7.7% | +8.2% | +1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Wasatch Peak Academy Inc 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, Wasatch Peak Academy Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $901K, with revenue exceeding expenses.
- Debt-to-asset ratio: 62.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is specifically allocated to officers or that such compensation is reported under other expense categories, which is common for charter schools where leadership salaries are part of overall operational costs.
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.
Strengths
The following positive indicators were identified for Wasatch Peak Academy Inc:
- Strong program spending ratio (estimated 90% of expenses)
- Consistent revenue growth over the past decade (from $2.5M in 2014 to $4.8M in 2023)
- No reported officer compensation across all filings, indicating high transparency or integrated reporting
- Healthy asset growth and manageable liabilities
- Consistent financial reporting over 13 filings
Frequently Asked Questions about Wasatch Peak Academy Inc
Is Wasatch Peak Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wasatch Peak Academy Inc (EIN: 113738851) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Wasatch Peak Academy Inc spend its money?
Wasatch Peak Academy Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wasatch Peak Academy Inc tax-deductible?
Wasatch Peak Academy Inc is registered as a tax-exempt nonprofit (EIN: 113738851). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wasatch Peak Academy Inc's spending goes to programs?
Wasatch Peak Academy Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wasatch Peak Academy Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Wasatch Peak Academy Inc 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 Wasatch Peak Academy Inc located?
Wasatch Peak Academy Inc is headquartered in N Salt Lake, Utah and files with the IRS under EIN 113738851. It is classified under NTEE code B29.
How many years of IRS 990 filings does Wasatch Peak Academy Inc have?
Wasatch Peak Academy Inc 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 $5.6M in total revenue.
Is Wasatch Peak Academy Inc a good charity?
Based on its financial data, Wasatch Peak Academy Inc appears to be a very good charity. It consistently allocates a high percentage of its expenses to program services (estimated 90%), demonstrates steady revenue growth, and reports no officer compensation, indicating strong financial stewardship and a focus on its educational mission.
How has Wasatch Peak Academy Inc's revenue changed over time?
Wasatch Peak Academy Inc has shown consistent revenue growth, increasing from $2,505,649 in 2014 to $4,829,389 in 2023, nearly doubling its income over a decade.
What is Wasatch Peak Academy Inc's asset-to-liability ratio?
In 2023, Wasatch Peak Academy Inc had assets of $7,414,013 and liabilities of $4,601,400, resulting in an asset-to-liability ratio of approximately 1.61:1, indicating a healthy financial position where assets comfortably cover liabilities.
Filing History
IRS 990 filing history for Wasatch Peak Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wasatch Peak Academy Inc's revenue has grown by 100.9%, moving from $2.4M to $4.8M. Total assets increased by 972.9% over the same period, from $691K to $7.4M. Total functional expenses rose by 65.1%, from $2.4M to $3.9M. In its most recent filing year (2023), Wasatch Peak Academy Inc reported a surplus of $901K, with revenue exceeding expenses. The organization holds $4.6M in liabilities against $7.4M in assets (debt-to-asset ratio: 62.1%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $3.9M | $7.4M | $4.6M | — | View 990 |
| 2022 | $4.2M | $3.8M | $6.6M | $4.6M | — | View 990 |
| 2021 | $3.8M | $3.3M | $6.4M | $4.8M | — | View 990 |
| 2020 | $3.4M | $3.0M | $5.9M | $4.6M | — | View 990 |
| 2019 | $3.2M | $3.1M | $5.6M | $4.7M | — | View 990 |
| 2018 | $3.0M | $2.8M | $5.5M | $4.7M | — | View 990 |
| 2017 | $2.8M | $2.6M | $5.4M | $4.8M | — | View 990 |
| 2016 | $2.6M | $2.6M | $5.7M | $5.2M | — | View 990 |
| 2015 | $2.5M | $2.6M | $5.8M | $5.3M | — | View 990 |
| 2014 | $2.5M | $2.5M | $6.0M | $5.4M | — | View 990 |
| 2013 | $2.3M | $2.3M | $641K | $105K | — | View 990 |
| 2012 | $2.4M | $2.4M | $657K | $131K | — | View 990 |
| 2011 | $2.4M | $2.4M | $691K | $167K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $3.9M, and assets of $7.4M (revenue +15.9% year-over-year).
- 2022: Revenue of $4.2M, expenses of $3.8M, and assets of $6.6M (revenue +10.4% year-over-year).
- 2021: Revenue of $3.8M, expenses of $3.3M, and assets of $6.4M (revenue +12.0% year-over-year).
- 2020: Revenue of $3.4M, expenses of $3.0M, and assets of $5.9M (revenue +4.6% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.1M, and assets of $5.6M (revenue +7.7% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.8M, and assets of $5.5M (revenue +8.4% year-over-year).
- 2017: Revenue of $2.8M, expenses of $2.6M, and assets of $5.4M (revenue +4.6% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.6M, and assets of $5.7M (revenue +4.8% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.6M, and assets of $5.8M (revenue +0.6% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.5M, and assets of $6.0M (revenue +7.6% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.3M, and assets of $641K (revenue -2.4% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.4M, and assets of $657K (revenue -0.8% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.4M, and assets of $691K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wasatch Peak Academy Inc:
Data Sources and Methodology
This transparency report for Wasatch Peak Academy Inc 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.