Prospect Hill Academy Charter School Foundation Inc

Analysis

Prospect Hill Academy Charter School Foundation Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Prospect Hill Academy Charter School Foundation Inc reported income of $741k and spending of $84k, leaving 89% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $292k to $741k (+154%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 151%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prospect Hill Academy Charter School Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Baltimore College Town Network Inc ($741k), Navarro College Foundation Inc ($741k) and Society for Protestant Reformed Special Education ($741k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.