New Orleans College Preparatoryacademies

Analysis

New Orleans College Preparatoryacademies is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 2007, 19 years ago. 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, New Orleans College Preparatoryacademies reported income of $7.5m and spending of $9.0m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.9m to $7.5m (-50%), an average of -16% a year. The sharpest change came in the year to June 2022, when income dropped by 38%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Orleans College Preparatoryacademies sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within LA. Charities of a similar size with the same main cause include Maine Coalition Against Sexual Assault ($7.5m), Oak Leyden Developmental Services ($7.5m) and Phoenix Christian Unified Schools Inc ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $149k (1.7% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $3.4m against liabilities of $859k, net assets of $2.5m. It reported 133 employees.