D C Preparatory Academy

Analysis

D C Preparatory Academy is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2003, 23 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 June 2023, D C Preparatory Academy reported income of $60.6m and spending of $62.8m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.5m to $60.6m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, D C Preparatory Academy sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 97th percentile within DC. Charities of a similar size with the same main cause include New England Law Boston ($60.5m), University of Nevada Las Vegas Foundation ($60.6m) and Columbia International University ($60.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $939k (1.5% of expenses). Other salaries and wages came to $33.9m. At year end it held assets of $114.8m against liabilities of $76.1m, net assets of $38.7m. It reported 515 employees.