First Philadelphia Preparatory Charter School

Analysis

First Philadelphia Preparatory Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 2002, 24 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, First Philadelphia Preparatory Charter School reported income of $39.4m and spending of $32.5m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.6m to $39.4m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, First Philadelphia Preparatory Charter School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Chicago School of Professional Psychology Inc ($39.3m), University of North Carolina at Chapel Hill Foundation Inc ($39.4m) and Elmira College ($39.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $217k (0.7% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $60.3m against liabilities of $54.4m, net assets of $5.9m. It reported 208 employees.