Asu Preparatory Academy
PO Box 877304, Tempe, AZ · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $82,625,017 | $87,114,925 | $20,946,008 |
| FY2024 | $82,416,980 | $87,879,355 | $25,435,916 |
| FY2023 | $76,710,496 | $78,160,954 | $31,082,166 |
| FY2022 | $81,078,916 | $70,950,080 | $33,614,203 |
| FY2021 | $66,068,953 | $54,381,602 | $24,463,267 |
| FY2020 | $40,852,176 | $40,398,428 | $12,775,916 |
| FY2019 | $45,142,261 | $41,140,007 | $12,504,331 |
| FY2018 | $29,860,612 | $30,870,884 | $9,879,558 |
| FY2017 | $19,629,991 | $22,953,381 | $10,889,830 |
| FY2016 | $29,190,816 | $18,662,091 | $14,213,220 |
| FY2015 | $19,322,514 | $16,787,508 | $3,684,495 |
| FY2014 | $13,722,075 | $12,217,842 | $1,149,489 |
| FY2013 | $11,778,169 | $12,094,383 | -$237,806 |
| FY2012 | $10,127,402 | $10,428,944 | $78,408 |
Form 990 filings
The returns filed by Asu Preparatory Academy (EIN 26-0664313), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $80,994,157 | 98% |
| Program service revenue | $909,213 | 1% |
| Other revenue | $721,647 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $60,229,172 | 69% |
| Management & general | $26,885,753 | 31% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 98% of total revenue in FY2025.
- Program services accounted for 69% of functional expenses, management & general 31%, and fundraising 0%.
- 69% of functional expenses went to program services in FY2025. That is higher than 9.2% of 98 Education organizations in AZ.
- Net assets covered about 2.9 months of expenses at the end of the reporting year. That puts it in the 23rd percentile among 1050 Education organizations in AZ.
- Total revenue was higher than 99.4% of 1064 Education organizations in AZ.
- Total revenue rose from $10,127,402 in FY2012 to $82,625,017 in FY2025. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 14 reported years (FY2012, FY2013, FY2017, FY2018, FY2023, FY2024, FY2025).
- Net assets grew from $78,408 to $20,946,008 between FY2012 and FY2025.
- Contributions and grants made up 74% of revenue in FY2012 and 98% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
OUR MISSION IS TO AFFORD STUDENTS AN OPTIMUM ENVIRONMENT FOR LEARNING, HELP THEM ACHIEVE THEIR POTENTIAL AND ENSURE THE APPROPRIATE LEVEL OF COLLEGE READINESS.
IRS status
| Ruling year | 2008 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B29 — Education (in AZ) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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