Seven Hills Preparatory Academy

Analysis

Seven Hills Preparatory Academy is a registered charity in United States, based in Richfield, MN. It received its IRS tax-exemption ruling in February 2007, 19 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, Seven Hills Preparatory Academy reported income of $16.4m and spending of $16.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.6m to $16.4m (+41%), an average of +9.0% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seven Hills Preparatory Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Capistrano Valley Christian Schools Inc ($16.4m), Tahoe Community Foundation ($16.4m) and Franklin Academy Inc ($16.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $338k (2.1% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $11.0m against liabilities of $14.9m, net assets of -$3.9m. It reported 215 employees.