Community Preparatory School

Analysis

Community Preparatory School is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in December 1992, 34 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 June 2023, Community Preparatory School reported income of $11.3m and spending of $3.5m, leaving 69% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.5m to $11.3m (+226%), an average of +48% a year. The sharpest change came in the year to June 2023, when income rose by 94%. Over the whole period it spent 51% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Community Preparatory School 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 95th percentile, and in the 94th percentile within RI. Charities of a similar size with the same main cause include Tampa School Development Corporation ($11.3m), Mountain Heights Academy ($11.3m) and Nampa Christian Schools Inc ($11.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 4.9% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $55.5m against liabilities of $4.2m, net assets of $51.3m. It reported 35 employees.