Village Preparatory School

Analysis

Village Preparatory School is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 2009, 17 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, Village Preparatory School reported income of $14.0m and spending of $10.6m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $14.0m (+172%), an average of +28% a year. The sharpest change came in the year to June 2020, when income rose by 68%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Village Preparatory School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Edventuremore ($14.0m), The Bismarck State College Foundation ($14.0m) and Eureka College ($14.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $163k (1.5% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $18.6m against liabilities of $20.9m, net assets of -$2.4m. It reported 123 employees.