Mmi Preparatory School

Analysis

Mmi Preparatory School is a registered charity in United States, based in Freeland, PA. It received its IRS tax-exemption ruling in May 1947, 79 years ago. 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, Mmi Preparatory School reported income of $5.2m and spending of $6.4m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.6m to $5.2m (-7.4%), an average of -1.9% a year. The sharpest change came in the year to June 2022, when income dropped by 26%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mmi Preparatory School 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 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Food Care Center ($5.2m), Scottish Rite Educational Association of Texas ($5.2m) and Public Private Strategies Institute ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 62% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $32.0m against liabilities of $4.1m, net assets of $27.9m. It reported 71 employees.