Nazareth Prep

Analysis

Nazareth Prep is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Nazareth Prep reported income of $5.2m and spending of $3.1m, leaving 40% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.2m to $5.2m (-0.4%), an average of -0.1% a year. The sharpest change came in the year to June 2023, when income rose by 128%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nazareth Prep sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Workforce Solutions for North Central Pennsylvania Inc ($5.2m), Center for Regional Economic Competitiveness ($5.2m) and Community Foundation of Cleveland and Bradley ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $189k (6.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.4m against liabilities of $1.4m, net assets of $22k.