Winston Preparatory School

Analysis

Winston Preparatory School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1986, 40 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, Winston Preparatory School reported income of $44.7m and spending of $43.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $33.7m to $44.7m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Winston Preparatory School 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 98th percentile within NY. Charities of a similar size with the same main cause include Foundation for Grossmont and Cuyamaca Colleges ($44.6m), The Hun School of Princeton ($44.7m) and Razorback Foundation Inc ($44.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $3.3m (7.5% of expenses). Other salaries and wages came to $22.4m. At year end it held assets of $102.0m against liabilities of $67.2m, net assets of $34.8m. It reported 348 employees.