Preparatory Foundation Inc

Analysis

Preparatory Foundation Inc is a registered charity in United States, based in Hyde Park, MA. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Preparatory Foundation Inc reported income of $4.3m and spending of $3.8m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $4.3m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Preparatory Foundation Inc 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 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Giving Forward Inc ($4.3m), Kehe Cares Foundation Inc ($4.3m) and Greater Phoenix Chamber Foundation ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. At year end it held assets of $64.7m against liabilities of $52.4m, net assets of $12.3m.