Claremont Prep Association Inc

Analysis

Claremont Prep Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Claremont Prep Association Inc reported income of $166k and spending of $272k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $407k to $166k (-59%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 65%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Claremont Prep Association Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include National Pediatric Hypnosis Training Institute ($166k), Gateway Christian School ($166k) and Marion City Schools Athletic Booster Club ($166k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.6% of the total. At year end it held assets of $610k against liabilities of $47k, net assets of $564k.