Logos Preparatory Academy

Analysis

Logos Preparatory Academy is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in November 2005, 21 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 May 2024, Logos Preparatory Academy reported income of $5.9m and spending of $3.7m, leaving 37% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $3.2m to $5.9m (+85%), an average of +17% a year. The sharpest change came in the year to May 2024, when income rose by 37%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Logos Preparatory Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Communities in Schools Southeast Harris County Inc ($5.9m), Libertas College Preparatory ($5.9m) and I Have a Dream Foundation of Boulder County ($5.9m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 20% and program service revenue 74% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $6.9m against liabilities of $148k, net assets of $6.7m. It reported 132 employees.