Highlights
- Scottsdale Preparatory Academy reported TY2023 revenue of $10,726,233, up from $9,067,467 in TY2021.
- Total assets reached $23,301,034 in TY2023, more than four times the $5,287,905 recorded in TY2021.
- Officer compensation of $121,214 represents about 1.1% of TY2023 revenue, well within standard nonprofit benchmarks.
- Expenses of $10,016,278 left the organization with a modest operating surplus for the tax year.
Scottsdale Preparatory Academy, the Phoenix-based K-12 charter school operating under EIN 20-8778703, reported $10,726,233 in revenue for tax year 2023, according to IRS Form 990 data published on ProPublica's Nonprofit Explorer. Expenses came in at $10,016,278, leaving a surplus of roughly $710,000 for the year.
The more striking number is on the balance sheet. Total assets hit $23,301,034 in TY2023, up from $7,216,437 in TY2022 and $5,287,905 in TY2021. That fourfold jump in two years is the kind of asset accumulation that typically signals either a significant capital transaction, a debt restructuring, or a large grant or facility acquisition. The 990 data available through ProPublica does not break out the composition of those assets, so the underlying driver is not yet clear from the public filing alone.
Revenue growth has been steady but more modest: $9,067,467 in TY2021, $9,535,030 in TY2022, and $10,726,233 in TY2023, an 18% increase over the two-year span. Expenses tracked upward in parallel, from $8,323,900 in TY2021 to $8,804,630 in TY2022 to $10,016,278 in TY2023.
Officer compensation was $121,214 in TY2023, compared with $102,190 in TY2022 and $86,070 in TY2021. At roughly 1.1% of TY2023 revenue, the figure sits well below the 15% threshold that nonprofit watchdogs flag as a potential governance concern. The filing does not identify which officer or officers received the disclosed compensation.
Why does the asset jump matter?
A fourfold increase in total assets over two years at a school of this revenue size is unusual and warrants a closer read of the full 990 schedules. Charter schools frequently carry facility debt on their balance sheets; a new building acquisition or refinancing could explain both the asset growth and any corresponding liability increase. The ProPublica summary does not include liability figures for TY2023, so net asset position cannot be confirmed from this data alone.
The Signal has requested the complete TY2023 Form 990 from the IRS public disclosure database for a full schedule review. The school's next 990 filing, covering TY2024, would have been submitted in 2025.
Sources
Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.
- ProPublica Nonprofit Explorer retrieved 23/08/2026 14:09
Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 23/08/2026 14:09. Every claim traces to a source.
