West End Preparatory School

Analysis

West End Preparatory School is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in December 2007, 19 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, West End Preparatory School reported income of $8.0m and spending of $3.1m, leaving 61% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $8.0m (+515%), an average of +58% a year. The sharpest change came in the year to June 2022, when income rose by 753%. Over the whole period it spent 34% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, West End Preparatory School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within KY. Charities of a similar size with the same main cause include Georgiana Bruce Kirby Preparatory School ($8.0m), Valley School of Ligonier ($8.0m) and Big Picture Philadelphia ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $47k (1.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $33.8m against liabilities of $87k, net assets of $33.7m. It reported 47 employees.