Arizona · Nonprofit
ARETE PREPARATORY ACADEMY
ARETE PREPARATORY ACADEMY (Arizona) receives grants from 8 organizations whose IRS filings report $105,741 to it, the largest being AMERICAN ONLINE GIVING FOUNDATION INC ($64,512). 6 of them have funded it in more than one year, and 90% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $6.7M
- Funders on record
- 8
- Grants received
- $106k
- Net assets
- $2.1M
What Arete Preparatory Academy does
Mission
An Arete Preparatory Academy education prepares students to be more than just proficient test takers, but rather, to become great-hearted leaders capable of success throughout their higher education and professional careers. With a curriculum built upon a classical liberal arts tradition and a revolutionary approach to school itself, great hearts cultivates the hearts and minds of students in the pursuit of truth, goodness, and beauty.
As stated on its FY2025 Form 990.
Program
An Arete Preparatory Academy education prepares students to be more than just proficient test takers, but rather, to become great-hearted leaders capable of success throughout their higher education and professional careers. With a curriculum built upon a classical liberal arts tradition and a revolutionary approach to school itself, great hearts cultivates the hearts and minds of students in the pursuit of truth, goodness, and beauty.
$5,863,027 spent$5,825,177 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $5,863,027.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $1.8M to $10M (+481%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 1% · 2018 1% · 2019 1% · 2020 2% · 2021 9% · 2022 4% · 2023 6% · 2024 4% · 2025 8%. Grants only. Government contracts and fees sit inside program revenue.
9% of ARETE PREPARATORY ACADEMY’s revenue is contributions — about as donation-reliant as the typical peer (48% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Robert Mulhern
Chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 5 funders, grant income rose $2k → $15k.
4 of 8 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 90% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $354k from one payer (the payer shares this organization's board, largest Greathearts Arizona). These are real filings, and they are not money ARETE PREPARATORY ACADEMY raised.
From the IRS filings of ARETE PREPARATORY ACADEMY’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
ARETE PREPARATORY ACADEMY leans on a few funders — its largest provides 61% of grant income and the top three 89%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
90% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ARETE PREPARATORY ACADEMY.
Largest funder’s share by year: 2017 100% · 2018 93% · 2019 99% · 2020 91% · 2021 94% · 2022 85% · 2023 81% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
67% of ARETE PREPARATORY ACADEMY's funders are still giving 3 years after their first grant; 75% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
90% of ARETE PREPARATORY ACADEMY's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $10k that is directly attributable, 100% of it comes from funders outside Arizona, across 4 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $95k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
ARETE PREPARATORY ACADEMY's revenue grew 41% between 2017 and 2025.
this organization peer median middle 50% of peers· 9,615 education nonprofits $1M–$10M, FY2025
Organizations like ARETE PREPARATORY ACADEMY
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Arizona
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
88% of spending goes to programs.
Governance
Footprint & structure
Part of a family of 27 related entities
- Archway Classical Academy Arete · exempt
- Archway Classical Academy Chandler · exempt
- Archway Classical Academy Cicero · exempt
- Archway Classical Academy Glendale · exempt
- Archway Classical Academy Lincoln · exempt
Screen this organization
A dated, signed PDF of the compliance screen for ARETE PREPARATORY ACADEMY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds ARETE PREPARATORY ACADEMY?
- ARETE PREPARATORY ACADEMY (Arizona) receives grants from 8 organizations whose IRS filings report $105,741 to it, the largest being AMERICAN ONLINE GIVING FOUNDATION INC ($64,512). 6 of them have funded it in more than one year, and 90% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does ARETE PREPARATORY ACADEMY have?
- IRS filings report 8 organizations giving $105,741 in grants to ARETE PREPARATORY ACADEMY, 6 of which have funded it in more than one year.
- Who is the largest funder of ARETE PREPARATORY ACADEMY?
- AMERICAN ONLINE GIVING FOUNDATION INC is the largest funder on record, with $64,512 in grants. The full list of funders is on this page.
- How can an organization like ARETE PREPARATORY ACADEMY find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Arizona. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Arete Preparatory Academy →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 8 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing