Bay Ridge Preparatory School

Analysis

Bay Ridge Preparatory School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1999, 27 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 August 2023, Bay Ridge Preparatory School reported income of $18.0m and spending of $16.8m, spending 93% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $15.1m to $18.0m (+20%), an average of +4.6% a year. 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, Bay Ridge Preparatory School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Center for Strategic Leadership and Organizational Coherence Inc ($18.0m), Victory College Prep Inc ($18.0m) and Usmma Sailing Foundation Inc ($18.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $345k (2.1% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $36.0m against liabilities of $21.8m, net assets of $14.2m. It reported 130 employees.