Christ the King Preparatory Academy

Analysis

Christ the King Preparatory Academy is a registered charity in United States, based in Niagara Falls, NY. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Christ the King Preparatory Academy reported income of $89k and spending of $124k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $73k to $89k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 128% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Christ the King Preparatory Academy sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Cisd Educational Support Groups Inc ($89k), Lovettsville Elem School PTO ($89k) and Tropical Parent Teacher Organization Incorporated ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 95% of the total. Other salaries and wages came to $105k. At year end it held assets of $2,617 against liabilities of $121k, net assets of -$119k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.