Coney Island Prep Builders Inc

Analysis

Coney Island Prep Builders Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Coney Island Prep Builders Inc reported income of $11.1m and spending of $5.2m, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $859k to $11.1m (+1188%), an average of +89% a year. The sharpest change came in the year to June 2020, when income rose by 374%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Coney Island Prep Builders Inc 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 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Spectrum High School ($11.1m), Lennox Math Science and Technology Academy ($11.1m) and Mississippi State University Advanced Research and Development ($11.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. At year end it held assets of $25.7m against liabilities of $12.3m, net assets of $13.4m.