Hilton Head Preparatory School

Analysis

Hilton Head Preparatory School is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in September 1971, 55 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, Hilton Head Preparatory School reported income of $11.7m and spending of $10.5m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.0m to $11.7m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hilton Head 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 96th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Thurgood Marshall Academy ($11.7m), Storm King School ($11.7m) and Green Dot Public Schools National ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Other salaries and wages came to $4.5m. At year end it held assets of $17.8m against liabilities of $4.0m, net assets of $13.8m. It reported 131 employees.