Richard Allen Preparatory Charter School Inc

Analysis

Richard Allen Preparatory Charter School Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2001, 25 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, Richard Allen Preparatory Charter School Inc reported income of $8.0m and spending of $7.0m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.6m to $8.0m (+21%), an average of +4.8% a year. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richard Allen Preparatory Charter School Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Western Illinois Regional Council Community Action Agency ($8.0m), Broadway Academy Inc ($8.0m) and Lundeberg Maryland Seamanship School Inc ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $252k (3.6% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $4.9m against liabilities of $5.1m, net assets of -$220k. It reported 99 employees.